Clay City, IN vs Newburgh, IN

There is a significant gap in the cost of living between these two cities. Clay City is 21.9% cheaper than Newburgh. With a cost index of 59 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clay City to Newburgh should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clay City is $706/month compared to $885/month in Newburgh — a 20% difference. Home values follow the same pattern: Clay City is more affordable at $86,700 median vs $216,300.

Median household income in Clay City is $68,036 compared to $72,431 in Newburgh (-6.1%). Newburgh 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 Clay City spend roughly 12.5% of their income on rent, less than the 14.7% in Newburgh.