Chalmers, IN vs Trafalgar, IN

Chalmers, IN and Trafalgar, IN have a very similar cost of living, with only a 4.1% difference in their overall index. Chalmers scores 78 while Trafalgar scores 81 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 Chalmers is $1,075/month compared to $1,000/month in Trafalgar — a 8% difference. Interestingly, home values tell a different story: while Trafalgar has cheaper rent, Chalmers actually has lower median home values ($154,000 vs $216,400).

Median household income in Chalmers is $70,588 compared to $83,214 in Trafalgar (-15.2%). While Trafalgar is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chalmers spend roughly 18.3% of their income on rent, more than the 14.4% in Trafalgar.