New Haven, IN vs Valparaiso, IN

There is a significant gap in the cost of living between these two cities. New Haven is 20.3% cheaper than Valparaiso. With a cost index of 73 vs 91, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Haven to Valparaiso should plan for substantially higher expenses across most categories.

On the housing front, median rent in New Haven is $947/month compared to $1,142/month in Valparaiso — a 17% difference. Home values follow the same pattern: New Haven is more affordable at $151,200 median vs $250,500.

Median household income in New Haven is $67,121 compared to $67,664 in Valparaiso (-0.8%). Valparaiso does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of New Haven spend roughly 16.9% of their income on rent, less than the 20.3% in Valparaiso.