Montezuma, IN vs Oakland City, IN

Montezuma, IN and Oakland City, IN have a very similar cost of living, with only a 0.9% difference in their overall index. Montezuma scores 66 while Oakland City scores 67 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 Montezuma is $925/month compared to $883/month in Oakland City — a 5% difference. Interestingly, home values tell a different story: while Oakland City has cheaper rent, Montezuma actually has lower median home values ($65,300 vs $102,000).

Median household income in Montezuma is $43,750 compared to $48,750 in Oakland City (-10.3%). While Oakland City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montezuma spend roughly 25.4% of their income on rent, more than the 21.7% in Oakland City.