Milltown, IN vs New Chicago, IN

There is a significant gap in the cost of living between these two cities. Milltown is 21.1% cheaper than New Chicago. With a cost index of 62 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Milltown to New Chicago should plan for substantially higher expenses across most categories.

On the housing front, median rent in Milltown is $633/month compared to $1,090/month in New Chicago — a 42% difference. Interestingly, home values tell a different story: while Milltown has cheaper rent, New Chicago actually has lower median home values ($118,900 vs $125,600).

Median household income in Milltown is $58,419 compared to $54,700 in New Chicago (+6.8%). Milltown offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Milltown spend roughly 13% of their income on rent, less than the 23.9% in New Chicago.