Matthews, IN vs Redkey, IN

Redkey is moderately more affordable than Matthews, with a 10.6% lower cost of living index. Matthews scores 71 compared to 64 for Redkey, where the US average is 100. This difference means residents of Matthews can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Matthews is $1,040/month compared to $829/month in Redkey — a 26% difference. Interestingly, home values tell a different story: while Redkey has cheaper rent, Matthews actually has lower median home values ($77,000 vs $78,300).

Median household income in Matthews is $45,833 compared to $40,667 in Redkey (+12.7%). While Matthews is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Matthews spend roughly 27.2% of their income on rent, more than the 24.5% in Redkey.