Lake of the Woods, IN vs Versailles, IN

There is a significant gap in the cost of living between these two cities. Versailles is 16.8% cheaper than Lake of the Woods. With a cost index of 68 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Versailles to Lake of the Woods should plan for substantially higher expenses across most categories.

On the housing front, median rent in Lake of the Woods is $1,020/month compared to $709/month in Versailles — a 44% difference. Home values follow the same pattern: Versailles is more affordable at $165,600 median vs $189,600.

Median household income in Lake of the Woods is $64,375 compared to $50,179 in Versailles (+28.3%). 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 Lake of the Woods spend roughly 19% of their income on rent, more than the 17% in Versailles.