Charlestown, IN vs Clarksville, IN

Charlestown, IN and Clarksville, IN have a very similar cost of living, with only a 3% difference in their overall index. Charlestown scores 76 while Clarksville scores 78 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 Charlestown is $903/month compared to $1,031/month in Clarksville — a 12% difference. Interestingly, home values tell a different story: while Charlestown has cheaper rent, Clarksville actually has lower median home values ($172,700 vs $191,200).

Median household income in Charlestown is $77,548 compared to $58,518 in Clarksville (+32.5%). Charlestown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Charlestown spend roughly 14% of their income on rent, less than the 21.1% in Clarksville.