Martinsville, IN vs Simonton Lake, IN

Martinsville is moderately more affordable than Simonton Lake, with a 13.2% lower cost of living index. Martinsville scores 74 compared to 85 for Simonton Lake, where the US average is 100. This difference means residents of Simonton Lake can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Martinsville is $952/month compared to $1,101/month in Simonton Lake — a 14% difference. Home values follow the same pattern: Martinsville is more affordable at $140,400 median vs $230,600.

Median household income in Martinsville is $56,186 compared to $74,233 in Simonton Lake (-24.3%). While Simonton Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Martinsville spend roughly 20.3% of their income on rent, more than the 17.8% in Simonton Lake.