Highland, IN vs Lake Station, IN

There is a significant gap in the cost of living between these two cities. Lake Station is 25.9% cheaper than Highland. With a cost index of 80 vs 101, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lake Station to Highland should plan for substantially higher expenses across most categories.

On the housing front, median rent in Highland is $1,694/month compared to $1,115/month in Lake Station — a 52% difference. Home values follow the same pattern: Lake Station is more affordable at $124,800 median vs $216,800.

Median household income in Highland is $95,696 compared to $56,306 in Lake Station (+70%). While Highland is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Highland spend roughly 21.2% of their income on rent, less than the 23.8% in Lake Station.