Waveland, IN vs Woodburn, IN

Waveland, IN and Woodburn, IN have a very similar cost of living, with only a 2.3% difference in their overall index. Waveland scores 68 while Woodburn scores 70 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 Waveland is $920/month compared to $943/month in Woodburn — a 2% difference. Home values follow the same pattern: Waveland is more affordable at $96,800 median vs $122,900.

Median household income in Waveland is $60,956 compared to $60,511 in Woodburn (+0.7%). Waveland offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Waveland spend roughly 18.1% of their income on rent, less than the 18.7% in Woodburn.