Hamilton, IN vs Monticello, IN

There is a significant gap in the cost of living between these two cities. Monticello is 21.2% cheaper than Hamilton. With a cost index of 68 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Monticello to Hamilton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hamilton is $929/month compared to $860/month in Monticello — a 8% difference. Home values follow the same pattern: Monticello is more affordable at $122,200 median vs $265,600.

Median household income in Hamilton is $66,884 compared to $50,138 in Monticello (+33.4%). While Hamilton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hamilton spend roughly 16.7% of their income on rent, less than the 20.6% in Monticello.