New Chicago, IN vs Wheatfield, IN

New Chicago, IN and Wheatfield, IN have a very similar cost of living, with only a 4.1% difference in their overall index. New Chicago scores 79 while Wheatfield scores 76 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 New Chicago is $1,090/month compared to $790/month in Wheatfield — a 38% difference. Interestingly, home values tell a different story: while Wheatfield has cheaper rent, New Chicago actually has lower median home values ($118,900 vs $191,900).

Median household income in New Chicago is $54,700 compared to $80,625 in Wheatfield (-32.2%). Wheatfield 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 11.8% in Wheatfield.