Frankfort, IN vs Michigan City, IN

Frankfort, IN and Michigan City, IN have a very similar cost of living, with only a 2.2% difference in their overall index. Frankfort scores 69 while Michigan City scores 71 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 Frankfort is $888/month compared to $915/month in Michigan City — a 3% difference. Home values follow the same pattern: Frankfort is more affordable at $122,800 median vs $129,000.

Median household income in Frankfort is $53,522 compared to $52,979 in Michigan City (+1%). Frankfort offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Frankfort spend roughly 19.9% of their income on rent, less than the 20.7% in Michigan City.