New Pekin, IN vs Riley, IN

New Pekin, IN and Riley, IN have a very similar cost of living, with only a 1.6% difference in their overall index. New Pekin scores 68 while Riley scores 66 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 Pekin is $837/month compared to $921/month in Riley — a 9% difference. Interestingly, home values tell a different story: while New Pekin has cheaper rent, Riley actually has lower median home values ($92,700 vs $116,000).

Median household income in New Pekin is $50,500 compared to $72,813 in Riley (-30.6%). Riley 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 Pekin spend roughly 19.9% of their income on rent, more than the 15.2% in Riley.