Elwood, IN vs Grissom AFB, IN

Elwood, IN and Grissom AFB, IN have a very similar cost of living, with only a 2.6% difference in their overall index. Elwood scores 66 while Grissom AFB scores 64 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 Elwood is $838/month compared to $864/month in Grissom AFB — a 3% difference. Interestingly, home values tell a different story: while Elwood has cheaper rent, Grissom AFB actually has lower median home values ($84,700 vs $92,800).

Median household income in Elwood is $54,084 compared to $52,829 in Grissom AFB (+2.4%). The higher salaries in Elwood partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Elwood spend roughly 18.6% of their income on rent, less than the 19.6% in Grissom AFB.