Shoals, IN vs Southport, IN

There is a significant gap in the cost of living between these two cities. Shoals is 29.6% cheaper than Southport. With a cost index of 57 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Shoals to Southport should plan for substantially higher expenses across most categories.

On the housing front, median rent in Shoals is $500/month compared to $1,081/month in Southport — a 54% difference. Home values follow the same pattern: Shoals is more affordable at $114,300 median vs $186,500.

Median household income in Shoals is $43,304 compared to $69,148 in Southport (-37.4%). While Southport is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Shoals spend roughly 13.9% of their income on rent, less than the 18.8% in Southport.