Middlebury, IN vs Prince's Lakes, IN
Middlebury is moderately more affordable than Prince's Lakes, with a 11.4% lower cost of living index. Middlebury scores 84 compared to 95 for Prince's Lakes, where the US average is 100. This difference means residents of Prince's Lakes can expect to pay noticeably more for everyday expenses, housing, and services.
On the housing front, median rent in Middlebury is $1,072/month compared to $1,406/month in Prince's Lakes — a 24% difference. Interestingly, home values tell a different story: while Middlebury has cheaper rent, Prince's Lakes actually has lower median home values ($228,800 vs $230,300).
Median household income in Middlebury is $81,094 compared to $93,125 in Prince's Lakes (-12.9%). While Prince's Lakes is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Middlebury spend roughly 15.9% of their income on rent, less than the 18.1% in Prince's Lakes.
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