New Chicago, IN vs Selma, IN

There is a significant gap in the cost of living between these two cities. Selma is 17.6% cheaper than New Chicago. With a cost index of 67 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Selma to New Chicago should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Chicago is $1,090/month compared to $913/month in Selma — a 19% difference. Home values follow the same pattern: Selma is more affordable at $99,800 median vs $118,900.

Median household income in New Chicago is $54,700 compared to $62,500 in Selma (-12.5%). Selma 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 Chicago spend roughly 23.9% of their income on rent, more than the 17.5% in Selma.