Ellettsville, IN vs New Chicago, IN

Ellettsville is moderately more affordable than New Chicago, with a 6.3% lower cost of living index. Ellettsville scores 74 compared to 79 for New Chicago, where the US average is 100. This difference means residents of New Chicago 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 $1,090/month in New Chicago — a 32% difference. Interestingly, home values tell a different story: while Ellettsville has cheaper rent, New Chicago actually has lower median home values ($118,900 vs $224,400).

Median household income in Ellettsville is $82,238 compared to $54,700 in New Chicago (+50.3%). Ellettsville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Ellettsville spend roughly 10.9% of their income on rent, less than the 23.9% in New Chicago.