Ross, IN vs Spencer, IN

Spencer is moderately more affordable than Ross, with a 5.9% lower cost of living index. Ross scores 75 compared to 71 for Spencer, where the US average is 100. This difference means residents of Ross can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Ross is $1,085/month compared to $860/month in Spencer — a 26% difference. Interestingly, home values tell a different story: while Spencer has cheaper rent, Ross actually has lower median home values ($114,600 vs $146,300).

Median household income in Ross is $53,824 compared to $47,994 in Spencer (+12.1%). While Ross is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ross spend roughly 24.2% of their income on rent, more than the 21.5% in Spencer.