Cloverdale, IN vs Milltown, IN

Cloverdale, IN and Milltown, IN have a very similar cost of living, with only a 2.2% difference in their overall index. Cloverdale scores 64 while Milltown scores 62 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 Cloverdale is $699/month compared to $633/month in Milltown — a 10% difference. Interestingly, home values tell a different story: while Milltown has cheaper rent, Cloverdale actually has lower median home values ($117,300 vs $125,600).

Median household income in Cloverdale is $47,016 compared to $58,419 in Milltown (-19.5%). Milltown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cloverdale spend roughly 17.8% of their income on rent, more than the 13% in Milltown.