Rensselaer, IN vs Speedway, IN

Rensselaer is moderately more affordable than Speedway, with a 11.7% lower cost of living index. Rensselaer scores 74 compared to 84 for Speedway, where the US average is 100. This difference means residents of Speedway can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Rensselaer is $868/month compared to $1,120/month in Speedway — a 23% difference. Home values follow the same pattern: Rensselaer is more affordable at $149,100 median vs $209,400.

Median household income in Rensselaer is $61,648 compared to $57,158 in Speedway (+7.9%). Rensselaer offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Rensselaer spend roughly 16.9% of their income on rent, less than the 23.5% in Speedway.