Hamlet, IN vs Stinesville, IN

Hamlet, IN and Stinesville, IN have a very similar cost of living, with only a 3.1% difference in their overall index. Hamlet scores 66 while Stinesville scores 64 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 Hamlet is $820/month compared to $709/month in Stinesville — a 16% difference. Interestingly, home values tell a different story: while Stinesville has cheaper rent, Hamlet actually has lower median home values ($109,300 vs $120,000).

Median household income in Hamlet is $68,750 compared to $61,382 in Stinesville (+12%). While Hamlet is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hamlet spend roughly 14.3% of their income on rent, more than the 13.9% in Stinesville.