Fairmount, IN vs Patoka, IN

Fairmount, IN and Patoka, IN have a very similar cost of living, with only a 1.3% difference in their overall index. Fairmount scores 66 while Patoka scores 67 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 $886/month in Patoka — a 7% difference. Interestingly, home values tell a different story: while Fairmount has cheaper rent, Patoka actually has lower median home values ($92,300 vs $96,700).

Median household income in Fairmount is $45,163 compared to $61,136 in Patoka (-26.1%). While Patoka 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 17.4% in Patoka.