Gas City, IN vs Waterloo, IN

Gas City, IN and Waterloo, IN have a very similar cost of living, with only a 3.1% difference in their overall index. Gas City scores 69 while Waterloo 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 Gas City is $858/month compared to $829/month in Waterloo — a 4% difference. Home values follow the same pattern: Waterloo is more affordable at $108,600 median vs $122,800.

Median household income in Gas City is $57,106 compared to $61,375 in Waterloo (-7%). Waterloo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gas City spend roughly 18% of their income on rent, more than the 16.2% in Waterloo.