Fairmount, IN vs Gilmer Park, IN

There is a significant gap in the cost of living between these two cities. Fairmount is 16.8% cheaper than Gilmer Park. With a cost index of 66 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fairmount to Gilmer Park should plan for substantially higher expenses across most categories.

On the housing front, median rent in Fairmount is $827/month compared to $1,162/month in Gilmer Park — a 29% difference. Home values follow the same pattern: Fairmount is more affordable at $96,700 median vs $142,600.

Median household income in Fairmount is $45,163 compared to $61,184 in Gilmer Park (-26.2%). While Gilmer Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fairmount spend roughly 22% of their income on rent, less than the 22.8% in Gilmer Park.