New Haven, IN vs Rensselaer, IN

New Haven, IN and Rensselaer, IN have a very similar cost of living, with only a 2.5% difference in their overall index. New Haven scores 73 while Rensselaer scores 74 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 Haven is $947/month compared to $868/month in Rensselaer — a 9% difference. Home values follow the same pattern: Rensselaer is more affordable at $149,100 median vs $151,200.

Median household income in New Haven is $67,121 compared to $61,648 in Rensselaer (+8.9%). New Haven 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 Haven spend roughly 16.9% of their income on rent, less than the 16.9% in Rensselaer.