Fairmount, IN vs New Harmony, IN

Fairmount is moderately more affordable than New Harmony, with a 9.7% lower cost of living index. Fairmount scores 66 compared to 73 for New Harmony, where the US average is 100. This difference means residents of New Harmony can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fairmount is $827/month compared to $897/month in New Harmony — a 8% difference. Home values follow the same pattern: Fairmount is more affordable at $96,700 median vs $177,400.

Median household income in Fairmount is $45,163 compared to $50,809 in New Harmony (-11.1%). While New Harmony 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, more than the 21.2% in New Harmony.