Nashville, IN vs Simonton Lake, IN

Nashville, IN and Simonton Lake, IN have a very similar cost of living, with only a 4.3% difference in their overall index. Nashville scores 81 while Simonton Lake scores 85 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 Nashville is $912/month compared to $1,101/month in Simonton Lake — a 17% difference. Interestingly, home values tell a different story: while Nashville has cheaper rent, Simonton Lake actually has lower median home values ($230,600 vs $246,700).

Median household income in Nashville is $48,750 compared to $74,233 in Simonton Lake (-34.3%). While Simonton Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Nashville spend roughly 22.4% of their income on rent, more than the 17.8% in Simonton Lake.