Ellettsville, IN vs New Castle, IN

New Castle is moderately more affordable than Ellettsville, with a 14.1% lower cost of living index. Ellettsville scores 74 compared to 65 for New Castle, where the US average is 100. This difference means residents of Ellettsville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ellettsville is $746/month compared to $797/month in New Castle — a 6% difference. Interestingly, home values tell a different story: while Ellettsville has cheaper rent, New Castle actually has lower median home values ($95,100 vs $224,400).

Median household income in Ellettsville is $82,238 compared to $48,977 in New Castle (+67.9%). While Ellettsville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ellettsville spend roughly 10.9% of their income on rent, less than the 19.5% in New Castle.