Hanna, IN vs Otterbein, IN

Hanna, IN and Otterbein, IN have a very similar cost of living, with only a 1.1% difference in their overall index. Hanna scores 70 while Otterbein scores 70 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 Hanna is $780/month compared to $896/month in Otterbein — a 13% difference. Interestingly, home values tell a different story: while Hanna has cheaper rent, Otterbein actually has lower median home values ($137,400 vs $168,000).

Median household income in Hanna is $37,625 compared to $63,676 in Otterbein (-40.9%). While Otterbein is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanna spend roughly 24.9% of their income on rent, more than the 16.9% in Otterbein.