Hamilton, IN vs Tipton, IN

There is a significant gap in the cost of living between these two cities. Tipton is 16% cheaper than Hamilton. With a cost index of 71 vs 83, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Tipton to Hamilton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hamilton is $929/month compared to $853/month in Tipton — a 9% difference. Home values follow the same pattern: Tipton is more affordable at $148,800 median vs $265,600.

Median household income in Hamilton is $66,884 compared to $64,709 in Tipton (+3.4%). Hamilton does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Hamilton spend roughly 16.7% of their income on rent, more than the 15.8% in Tipton.