Marion, IN vs Peru, IN

Marion, IN and Peru, IN have a very similar cost of living, with only a 2.5% difference in their overall index. Marion scores 61 while Peru scores 63 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 Marion is $760/month compared to $769/month in Peru — a 1% difference. Home values follow the same pattern: Marion is more affordable at $83,200 median vs $84,000.

Median household income in Marion is $43,349 compared to $46,180 in Peru (-6.1%). While Peru is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Marion spend roughly 21% of their income on rent, more than the 20% in Peru.