Fairmount, IN vs Scottsburg, IN

Fairmount, IN and Scottsburg, IN have a very similar cost of living, with only a 0.7% difference in their overall index. Fairmount scores 66 while Scottsburg 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 $786/month in Scottsburg — a 5% difference. Interestingly, home values tell a different story: while Scottsburg has cheaper rent, Fairmount actually has lower median home values ($96,700 vs $123,900).

Median household income in Fairmount is $45,163 compared to $38,027 in Scottsburg (+18.8%). Fairmount offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fairmount spend roughly 22% of their income on rent, less than the 24.8% in Scottsburg.