Fairmount, IN vs North Vernon, IN

Fairmount, IN and North Vernon, IN have a very similar cost of living, with only a 4% difference in their overall index. Fairmount scores 66 while North Vernon scores 69 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 $904/month in North Vernon — a 9% difference. Home values follow the same pattern: Fairmount is more affordable at $96,700 median vs $107,900.

Median household income in Fairmount is $45,163 compared to $48,235 in North Vernon (-6.4%). While North Vernon 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 22.5% in North Vernon.