Leesburg, IN vs New Chicago, IN

Leesburg, IN and New Chicago, IN have a very similar cost of living, with only a 2.7% difference in their overall index. Leesburg scores 77 while New Chicago scores 79 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 Leesburg is $992/month compared to $1,090/month in New Chicago — a 9% difference. Interestingly, home values tell a different story: while Leesburg has cheaper rent, New Chicago actually has lower median home values ($118,900 vs $168,900).

Median household income in Leesburg is $103,958 compared to $54,700 in New Chicago (+90.1%). Leesburg offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Leesburg spend roughly 11.5% of their income on rent, less than the 23.9% in New Chicago.