Elwood, IN vs Loogootee, IN

Elwood, IN and Loogootee, IN have a very similar cost of living, with only a 0.5% difference in their overall index. Elwood scores 66 while Loogootee scores 66 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 $755/month in Loogootee — a 11% difference. Interestingly, home values tell a different story: while Loogootee has cheaper rent, Elwood actually has lower median home values ($92,800 vs $133,900).

Median household income in Elwood is $54,084 compared to $46,625 in Loogootee (+16%). Elwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Elwood spend roughly 18.6% of their income on rent, less than the 19.4% in Loogootee.