Speedway, IN vs Winona Lake, IN

Speedway, IN and Winona Lake, IN have a very similar cost of living, with only a 0.9% difference in their overall index. Speedway scores 84 while Winona Lake scores 85 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 Speedway is $1,120/month compared to $1,074/month in Winona Lake — a 4% difference. Interestingly, home values tell a different story: while Winona Lake has cheaper rent, Speedway actually has lower median home values ($209,400 vs $242,400).

Median household income in Speedway is $57,158 compared to $97,813 in Winona Lake (-41.6%). While Winona Lake is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Speedway spend roughly 23.5% of their income on rent, more than the 13.2% in Winona Lake.