Carlisle, IN vs Milan, IN

There is a significant gap in the cost of living between these two cities. Carlisle is 16.1% cheaper than Milan. With a cost index of 60 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Carlisle to Milan should plan for substantially higher expenses across most categories.

On the housing front, median rent in Carlisle is $803/month compared to $906/month in Milan — a 11% difference. Home values follow the same pattern: Carlisle is more affordable at $59,500 median vs $136,400.

Median household income in Carlisle is $52,143 compared to $54,688 in Milan (-4.7%). Milan does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Carlisle spend roughly 18.5% of their income on rent, less than the 19.9% in Milan.