Spurgeon, IN vs Waveland, IN

Spurgeon, IN and Waveland, IN have a very similar cost of living, with only a 4.3% difference in their overall index. Spurgeon scores 66 while Waveland scores 68 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 Spurgeon is $833/month compared to $920/month in Waveland — a 10% difference. Interestingly, home values tell a different story: while Spurgeon has cheaper rent, Waveland actually has lower median home values ($96,800 vs $107,100).

Median household income in Spurgeon is $61,750 compared to $60,956 in Waveland (+1.3%). Spurgeon offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Spurgeon spend roughly 16.2% of their income on rent, less than the 18.1% in Waveland.