Hanna, IN vs Montpelier, IN

There is a significant gap in the cost of living between these two cities. Montpelier is 21.3% cheaper than Hanna. With a cost index of 57 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Montpelier to Hanna should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hanna is $780/month compared to $649/month in Montpelier — a 20% difference. Home values follow the same pattern: Montpelier is more affordable at $77,100 median vs $168,000.

Median household income in Hanna is $37,625 compared to $42,833 in Montpelier (-12.2%). Montpelier offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hanna spend roughly 24.9% of their income on rent, more than the 18.2% in Montpelier.