Laketon, IN vs Odon, IN

There is a significant gap in the cost of living between these two cities. Odon is 29.5% cheaper than Laketon. With a cost index of 61 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Odon to Laketon should plan for substantially higher expenses across most categories.

On the housing front, median rent in Laketon is $1,021/month compared to $552/month in Odon — a 85% difference. Home values follow the same pattern: Odon is more affordable at $137,400 median vs $196,700.

Median household income in Laketon is $78,750 compared to $44,632 in Odon (+76.4%). While Laketon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Laketon spend roughly 15.6% of their income on rent, more than the 14.8% in Odon.