Greencastle, IN vs Newburgh, IN

Greencastle, IN and Newburgh, IN have a very similar cost of living, with only a 4.5% difference in their overall index. Greencastle scores 73 while Newburgh 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 Greencastle is $904/month compared to $885/month in Newburgh — a 2% difference. Interestingly, home values tell a different story: while Newburgh has cheaper rent, Greencastle actually has lower median home values ($154,000 vs $216,300).

Median household income in Greencastle is $54,217 compared to $72,431 in Newburgh (-25.1%). While Newburgh is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Greencastle spend roughly 20% of their income on rent, more than the 14.7% in Newburgh.