Decatur, IN vs Hanover, IN

Decatur is moderately more affordable than Hanover, with a 5.6% lower cost of living index. Decatur scores 67 compared to 71 for Hanover, where the US average is 100. This difference means residents of Hanover can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Decatur is $804/month compared to $913/month in Hanover — a 12% difference. Interestingly, home values tell a different story: while Decatur has cheaper rent, Hanover actually has lower median home values ($126,300 vs $132,900).

Median household income in Decatur is $58,867 compared to $58,194 in Hanover (+1.2%). Decatur offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Decatur spend roughly 16.4% of their income on rent, less than the 18.8% in Hanover.