Carthage, IN vs Knightstown, IN

Carthage, IN and Knightstown, IN have a very similar cost of living, with only a 1.4% difference in their overall index. Carthage scores 68 while Knightstown scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Carthage is $906/month compared to $805/month in Knightstown — a 13% difference. Interestingly, home values tell a different story: while Knightstown has cheaper rent, Carthage actually has lower median home values ($88,900 vs $121,500).

Median household income in Carthage is $42,500 compared to $44,655 in Knightstown (-4.8%). Knightstown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Carthage spend roughly 25.6% of their income on rent, more than the 21.6% in Knightstown.