South Haven, IN vs Wakarusa, IN

South Haven, IN and Wakarusa, IN have a very similar cost of living, with only a 3.7% difference in their overall index. South Haven scores 89 while Wakarusa scores 86 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 South Haven is $1,308/month compared to $1,214/month in Wakarusa — a 8% difference. Interestingly, home values tell a different story: while Wakarusa has cheaper rent, South Haven actually has lower median home values ($163,500 vs $202,400).

Median household income in South Haven is $78,530 compared to $76,008 in Wakarusa (+3.3%). The higher salaries in South Haven partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of South Haven spend roughly 20% of their income on rent, more than the 19.2% in Wakarusa.