Fountain City, IN vs Somerset, IN
There is a significant gap in the cost of living between these two cities. Fountain City is 20.7% cheaper than Somerset. With a cost index of 60 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fountain City to Somerset should plan for substantially higher expenses across most categories.
Renters will find that Fountain City has a median rent of $647/month while Somerset comes in at $603/month, a 7% difference.
Median household income in Fountain City is $46,106 compared to $105,272 in Somerset (-56.2%). While Somerset is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fountain City spend roughly 16.8% of their income on rent, more than the 6.9% in Somerset.
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