Charlestown, IN vs Newburgh, IN

Charlestown, IN and Newburgh, IN have a very similar cost of living, with only a 0.5% difference in their overall index. Charlestown scores 76 while Newburgh scores 76 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 $885/month in Newburgh — a 2% difference. Interestingly, home values tell a different story: while Newburgh has cheaper rent, Charlestown actually has lower median home values ($191,200 vs $216,300).

Median household income in Charlestown is $77,548 compared to $72,431 in Newburgh (+7.1%). 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 14.7% in Newburgh.