Highland, IN vs McCordsville, IN

Highland, IN and McCordsville, IN have a very similar cost of living, with only a 2.8% difference in their overall index. Highland scores 90 while McCordsville scores 93 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 Highland is $1,202/month compared to $1,085/month in McCordsville — a 11% difference. Interestingly, home values tell a different story: while McCordsville has cheaper rent, Highland actually has lower median home values ($219,500 vs $327,900).

Median household income in Highland is $76,219 compared to $113,495 in McCordsville (-32.8%). While McCordsville 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 18.9% of their income on rent, more than the 11.5% in McCordsville.