Centerville, IN vs Colfax, IN

Centerville, IN and Colfax, IN have a very similar cost of living, with only a 3.3% difference in their overall index. Centerville scores 68 while Colfax scores 70 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 Centerville is $799/month compared to $908/month in Colfax — a 12% difference. Interestingly, home values tell a different story: while Centerville has cheaper rent, Colfax actually has lower median home values ($114,300 vs $133,200).

Median household income in Centerville is $50,724 compared to $61,964 in Colfax (-18.1%). While Colfax is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Centerville spend roughly 18.9% of their income on rent, more than the 17.6% in Colfax.