Hanna, IN vs Redkey, IN

Redkey is moderately more affordable than Hanna, with a 8.5% lower cost of living index. Hanna scores 70 compared to 64 for Redkey, where the US average is 100. This difference means residents of Hanna can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hanna is $780/month compared to $829/month in Redkey — a 6% difference. Interestingly, home values tell a different story: while Hanna has cheaper rent, Redkey actually has lower median home values ($78,300 vs $168,000).

Median household income in Hanna is $37,625 compared to $40,667 in Redkey (-7.5%). Redkey 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 24.5% in Redkey.