Chesterfield, IN vs Lynn, IN
There is a significant gap in the cost of living between these two cities. Lynn is 19.4% cheaper than Chesterfield. With a cost index of 59 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lynn to Chesterfield should plan for substantially higher expenses across most categories.
On the housing front, median rent in Chesterfield is $957/month compared to $659/month in Lynn — a 45% difference. Home values follow the same pattern: Lynn is more affordable at $79,000 median vs $102,300.
Median household income in Chesterfield is $58,125 compared to $44,450 in Lynn (+30.8%). While Chesterfield is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chesterfield spend roughly 19.8% of their income on rent, more than the 17.8% in Lynn.
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