Mulberry, IN vs Waveland, IN

Mulberry, IN and Waveland, IN have a very similar cost of living, with only a 2.9% difference in their overall index. Mulberry scores 66 while Waveland scores 68 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 Mulberry is $796/month compared to $920/month in Waveland — a 14% difference. Interestingly, home values tell a different story: while Mulberry has cheaper rent, Waveland actually has lower median home values ($96,800 vs $125,500).

Median household income in Mulberry is $51,719 compared to $60,956 in Waveland (-15.2%). While Waveland is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mulberry spend roughly 18.5% of their income on rent, more than the 18.1% in Waveland.