Pennville, IN vs Vernon, IN

Pennville, IN and Vernon, IN have a very similar cost of living, with only a 1.7% difference in their overall index. Pennville scores 59 while Vernon scores 60 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 Pennville is $675/month compared to $688/month in Vernon — a 2% difference. Home values follow the same pattern: Pennville is more affordable at $75,000 median vs $82,500.

Median household income in Pennville is $36,607 compared to $67,188 in Vernon (-45.5%). While Vernon is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Pennville spend roughly 22.1% of their income on rent, more than the 12.3% in Vernon.