Kempton, IN vs Lakeville, IN

Kempton, IN and Lakeville, IN have a very similar cost of living, with only a 3.3% difference in their overall index. Kempton scores 63 while Lakeville scores 65 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 Kempton is $775/month compared to $769/month in Lakeville — a 1% difference. Interestingly, home values tell a different story: while Lakeville has cheaper rent, Kempton actually has lower median home values ($80,000 vs $122,300).

Median household income in Kempton is $46,250 compared to $55,179 in Lakeville (-16.2%). While Lakeville 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 16.7% in Lakeville.