New Carlisle, IN vs Oldenburg, IN

Oldenburg is moderately more affordable than New Carlisle, with a 12.8% lower cost of living index. New Carlisle scores 83 compared to 74 for Oldenburg, where the US average is 100. This difference means residents of New Carlisle can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Carlisle is $1,193/month compared to $650/month in Oldenburg — a 84% difference. Interestingly, home values tell a different story: while Oldenburg has cheaper rent, New Carlisle actually has lower median home values ($180,100 vs $254,000).

Median household income in New Carlisle is $65,625 compared to $77,692 in Oldenburg (-15.5%). Oldenburg offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Carlisle spend roughly 21.8% of their income on rent, more than the 10% in Oldenburg.