Kempton, IN vs Lake of the Woods, IN

There is a significant gap in the cost of living between these two cities. Kempton is 20.1% cheaper than Lake of the Woods. With a cost index of 63 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Kempton to Lake of the Woods should plan for substantially higher expenses across most categories.

On the housing front, median rent in Kempton is $775/month compared to $1,020/month in Lake of the Woods — a 24% difference. Home values follow the same pattern: Kempton is more affordable at $80,000 median vs $189,600.

Median household income in Kempton is $46,250 compared to $64,375 in Lake of the Woods (-28.2%). While Lake of the Woods is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Kempton spend roughly 20.1% of their income on rent, more than the 19% in Lake of the Woods.