Chesterfield, IN vs Elberfeld, IN

Elberfeld is moderately more affordable than Chesterfield, with a 10.7% lower cost of living index. Chesterfield scores 71 compared to 64 for Elberfeld, where the US average is 100. This difference means residents of Chesterfield can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Chesterfield is $957/month compared to $625/month in Elberfeld — a 53% difference. Interestingly, home values tell a different story: while Elberfeld has cheaper rent, Chesterfield actually has lower median home values ($102,300 vs $161,900).

Median household income in Chesterfield is $58,125 compared to $101,964 in Elberfeld (-43%). Elberfeld offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Chesterfield spend roughly 19.8% of their income on rent, more than the 7.4% in Elberfeld.