Fairmount, IN vs St. Mary of the Woods, IN

St. Mary of the Woods is moderately more affordable than Fairmount, with a 12.3% lower cost of living index. Fairmount scores 66 compared to 59 for St. Mary of the Woods, where the US average is 100. This difference means residents of Fairmount 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 $467/month in St. Mary of the Woods — a 77% difference. Interestingly, home values tell a different story: while St. Mary of the Woods has cheaper rent, Fairmount actually has lower median home values ($96,700 vs $168,800).

Median household income in Fairmount is $45,163 compared to $19,141 in St. Mary of the Woods (+135.9%). 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 29.3% in St. Mary of the Woods.