Spencer, IN vs Winslow, IN

Winslow is moderately more affordable than Spencer, with a 8.5% lower cost of living index. Spencer scores 71 compared to 65 for Winslow, where the US average is 100. This difference means residents of Spencer can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Spencer is $860/month compared to $856/month in Winslow — a 1% difference. Home values follow the same pattern: Winslow is more affordable at $80,900 median vs $146,300.

Median household income in Spencer is $47,994 compared to $59,545 in Winslow (-19.4%). Winslow offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Spencer spend roughly 21.5% of their income on rent, more than the 17.3% in Winslow.