Hagerstown, IN vs Winchester, IN

Hagerstown, IN and Winchester, IN have a very similar cost of living, with only a 2.7% difference in their overall index. Hagerstown scores 64 while Winchester scores 63 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 Hagerstown is $732/month compared to $727/month in Winchester — a 1% difference. Home values follow the same pattern: Winchester is more affordable at $97,000 median vs $115,600.

Median household income in Hagerstown is $59,350 compared to $60,833 in Winchester (-2.4%). Winchester offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hagerstown spend roughly 14.8% of their income on rent, more than the 14.3% in Winchester.