Knightstown, IN vs Mount Vernon, IN

Knightstown, IN and Mount Vernon, IN have a very similar cost of living, with only a 0% difference in their overall index. Knightstown scores 67 while Mount Vernon scores 67 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 Knightstown is $805/month compared to $726/month in Mount Vernon — a 11% difference. Interestingly, home values tell a different story: while Mount Vernon has cheaper rent, Knightstown actually has lower median home values ($121,500 vs $164,200).

Median household income in Knightstown is $44,655 compared to $61,527 in Mount Vernon (-27.4%). While Mount Vernon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Knightstown spend roughly 21.6% of their income on rent, more than the 14.2% in Mount Vernon.