Clayton, IN vs Lapel, IN

Clayton, IN and Lapel, IN have a very similar cost of living, with only a 2.4% difference in their overall index. Clayton scores 85 while Lapel scores 87 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Clayton is $1,125/month compared to $1,229/month in Lapel — a 9% difference. Interestingly, home values tell a different story: while Clayton has cheaper rent, Lapel actually has lower median home values ($201,900 vs $214,900).

Median household income in Clayton is $83,500 compared to $77,563 in Lapel (+7.7%). Clayton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Clayton spend roughly 16.2% of their income on rent, less than the 19% in Lapel.