Kokomo, IN vs Shelbyville, IN

Kokomo is moderately more affordable than Shelbyville, with a 7.2% lower cost of living index. Kokomo scores 70 compared to 75 for Shelbyville, where the US average is 100. This difference means residents of Shelbyville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Kokomo is $917/month compared to $970/month in Shelbyville — a 6% difference. Home values follow the same pattern: Kokomo is more affordable at $126,500 median vs $151,100.

Median household income in Kokomo is $54,195 compared to $58,532 in Shelbyville (-7.4%). While Shelbyville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Kokomo spend roughly 20.3% of their income on rent, more than the 19.9% in Shelbyville.