Hanover, IN vs Rome City, IN

Hanover is moderately more affordable than Rome City, with a 8.5% lower cost of living index. Hanover scores 71 compared to 77 for Rome City, where the US average is 100. This difference means residents of Rome City can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hanover is $913/month compared to $846/month in Rome City — a 8% difference. Interestingly, home values tell a different story: while Rome City has cheaper rent, Hanover actually has lower median home values ($126,300 vs $231,300).

Median household income in Hanover is $58,194 compared to $72,054 in Rome City (-19.2%). While Rome City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanover spend roughly 18.8% of their income on rent, more than the 14.1% in Rome City.