Elizabethtown, IN vs Milltown, IN

Elizabethtown, IN and Milltown, IN have a very similar cost of living, with only a 2.8% difference in their overall index. Elizabethtown 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 Elizabethtown is $747/month compared to $633/month in Milltown — a 18% difference. Interestingly, home values tell a different story: while Milltown has cheaper rent, Elizabethtown actually has lower median home values ($117,500 vs $125,600).

Median household income in Elizabethtown is $65,625 compared to $58,419 in Milltown (+12.3%). While Elizabethtown is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elizabethtown spend roughly 13.7% of their income on rent, more than the 13% in Milltown.