Goshen, IN vs Lake Station, IN

Goshen, IN and Lake Station, IN have a very similar cost of living, with only a 1.8% difference in their overall index. Goshen scores 78 while Lake Station scores 80 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 Goshen is $1,045/month compared to $1,115/month in Lake Station — a 6% difference. Interestingly, home values tell a different story: while Goshen has cheaper rent, Lake Station actually has lower median home values ($124,800 vs $175,200).

Median household income in Goshen is $55,436 compared to $56,306 in Lake Station (-1.5%). The higher salaries in Lake Station partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Goshen spend roughly 22.6% of their income on rent, less than the 23.8% in Lake Station.