Glenwood, IN vs Montgomery, IN

Glenwood, IN and Montgomery, IN have a very similar cost of living, with only a 3.7% difference in their overall index. Glenwood scores 73 while Montgomery scores 76 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 Glenwood is $1,110/month compared to $827/month in Montgomery — a 34% difference. Interestingly, home values tell a different story: while Montgomery has cheaper rent, Glenwood actually has lower median home values ($87,300 vs $226,000).

Median household income in Glenwood is $47,167 compared to $93,750 in Montgomery (-49.7%). While Montgomery is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Glenwood spend roughly 28.2% of their income on rent, more than the 10.6% in Montgomery.