Fairmount, IN vs Montezuma, IN

Fairmount, IN and Montezuma, IN have a very similar cost of living, with only a 0.2% difference in their overall index. Fairmount scores 66 while Montezuma 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 Fairmount is $827/month compared to $925/month in Montezuma — a 11% difference. Interestingly, home values tell a different story: while Fairmount has cheaper rent, Montezuma actually has lower median home values ($65,300 vs $96,700).

Median household income in Fairmount is $45,163 compared to $43,750 in Montezuma (+3.2%). While Fairmount 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 25.4% in Montezuma.