Colfax, IN vs Stinesville, IN

Stinesville is moderately more affordable than Colfax, with a 9.4% lower cost of living index. Colfax scores 70 compared to 64 for Stinesville, where the US average is 100. This difference means residents of Colfax can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Colfax is $908/month compared to $709/month in Stinesville — a 28% difference. Interestingly, home values tell a different story: while Stinesville has cheaper rent, Colfax actually has lower median home values ($114,300 vs $120,000).

Median household income in Colfax is $61,964 compared to $61,382 in Stinesville (+0.9%). Colfax 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 Colfax spend roughly 17.6% of their income on rent, more than the 13.9% in Stinesville.