Hanover, IN vs Plymouth, IN

Hanover, IN and Plymouth, IN have a very similar cost of living, with only a 0.5% difference in their overall index. Hanover scores 71 while Plymouth scores 71 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 Hanover is $913/month compared to $957/month in Plymouth — a 5% difference. Interestingly, home values tell a different story: while Hanover has cheaper rent, Plymouth actually has lower median home values ($122,200 vs $126,300).

Median household income in Hanover is $58,194 compared to $53,115 in Plymouth (+9.6%). Hanover offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hanover spend roughly 18.8% of their income on rent, less than the 21.6% in Plymouth.