Carthage, IN vs Shelby, IN

There is a significant gap in the cost of living between these two cities. Carthage is 21.4% cheaper than Shelby. With a cost index of 68 vs 86, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Carthage to Shelby should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Carthage are $88,900 compared to $128,100 in Shelby, a 31% gap.

Median household income in Carthage is $42,500 compared to $54,500 in Shelby (-22%). While Shelby is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.