Gentryville, IN vs Hamlet, IN

Gentryville, IN and Hamlet, IN have a very similar cost of living, with only a 4.4% difference in their overall index. Gentryville scores 63 while Hamlet scores 66 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 Gentryville is $744/month compared to $820/month in Hamlet — a 9% difference. Interestingly, home values tell a different story: while Gentryville has cheaper rent, Hamlet actually has lower median home values ($109,300 vs $110,400).

Median household income in Gentryville is $46,774 compared to $68,750 in Hamlet (-32%). While Hamlet is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gentryville spend roughly 19.1% of their income on rent, more than the 14.3% in Hamlet.