Charlestown, IN vs New Palestine, IN

There is a significant gap in the cost of living between these two cities. Charlestown is 21% cheaper than New Palestine. With a cost index of 76 vs 96, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Charlestown to New Palestine should plan for substantially higher expenses across most categories.

On the housing front, median rent in Charlestown is $903/month compared to $1,200/month in New Palestine — a 25% difference. Home values follow the same pattern: Charlestown is more affordable at $191,200 median vs $320,300.

Median household income in Charlestown is $77,548 compared to $93,170 in New Palestine (-16.8%). The higher salaries in New Palestine partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Charlestown spend roughly 14% of their income on rent, less than the 15.5% in New Palestine.