Henryville, IN vs Rensselaer, IN

Henryville is moderately more affordable than Rensselaer, with a 5.1% lower cost of living index. Henryville scores 71 compared to 74 for Rensselaer, where the US average is 100. This difference means residents of Rensselaer can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Henryville is $738/month compared to $868/month in Rensselaer — a 15% difference. Interestingly, home values tell a different story: while Henryville has cheaper rent, Rensselaer actually has lower median home values ($149,100 vs $190,200).

Median household income in Henryville is $77,440 compared to $61,648 in Rensselaer (+25.6%). Henryville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Henryville spend roughly 11.4% of their income on rent, less than the 16.9% in Rensselaer.