Garrett, IN vs New Chicago, IN

Garrett is moderately more affordable than New Chicago, with a 13% lower cost of living index. Garrett scores 68 compared to 79 for New Chicago, where the US average is 100. This difference means residents of New Chicago can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Garrett is $836/month compared to $1,090/month in New Chicago — a 23% difference. Interestingly, home values tell a different story: while Garrett has cheaper rent, New Chicago actually has lower median home values ($118,900 vs $142,800).

Median household income in Garrett is $65,611 compared to $54,700 in New Chicago (+19.9%). Garrett offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Garrett spend roughly 15.3% of their income on rent, less than the 23.9% in New Chicago.