Clayton, IN vs Fairmount, IN

There is a significant gap in the cost of living between these two cities. Fairmount is 28.3% cheaper than Clayton. With a cost index of 66 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fairmount to Clayton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clayton is $1,125/month compared to $827/month in Fairmount — a 36% difference. Home values follow the same pattern: Fairmount is more affordable at $96,700 median vs $214,900.

Median household income in Clayton is $83,500 compared to $45,163 in Fairmount (+84.9%). While Clayton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Clayton spend roughly 16.2% of their income on rent, less than the 22% in Fairmount.