Hanover, IN vs Wabash, IN

Wabash is moderately more affordable than Hanover, with a 12.9% lower cost of living index. Hanover scores 71 compared to 63 for Wabash, where the US average is 100. This difference means residents of Hanover 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 $677/month in Wabash — a 35% difference. Home values follow the same pattern: Wabash is more affordable at $115,000 median vs $126,300.

Median household income in Hanover is $58,194 compared to $54,199 in Wabash (+7.4%). The higher salaries in Hanover partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Hanover spend roughly 18.8% of their income on rent, more than the 15% in Wabash.