Chesterfield, IN vs Gilmer Park, IN

Chesterfield is moderately more affordable than Gilmer Park, with a 11.3% lower cost of living index. Chesterfield scores 71 compared to 80 for Gilmer Park, where the US average is 100. This difference means residents of Gilmer Park 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 $1,162/month in Gilmer Park — a 18% difference. Home values follow the same pattern: Chesterfield is more affordable at $102,300 median vs $142,600.

Median household income in Chesterfield is $58,125 compared to $61,184 in Gilmer Park (-5%). Gilmer Park does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Chesterfield spend roughly 19.8% of their income on rent, less than the 22.8% in Gilmer Park.