Cost of Living: Valparaiso, IN vs Carmel, IN
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,332/mo in Valparaiso, IN versus $4,332/mo in Carmel, IN. In the model, rent is about 16.65% of gross in Valparaiso, IN versus 23.42% in Carmel, IN, so Valparaiso, IN tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Valparaiso, IN and Carmel, IN.
At a glance
- Cheaper overall (lower cost-of-living index): Carmel, IN
- Lower rent (median 1BR/2BR): Valparaiso, IN
- Lower home prices: Valparaiso, IN
- Higher median household income: Carmel, IN
Cost of Living Index
Valparaiso, IN: 100 (U.S. = 100) · Carmel, IN: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Valparaiso, IN: $1,085/mo (midpoint of 1BR/2BR) · Carmel, IN: $1,527/mo
Median rent in Carmel, IN is $442/mo higher than in Valparaiso, IN.
Median Home Price
Valparaiso, IN: $250,500 · Carmel, IN: $455,500
Median home price in Carmel, IN is $205,000 higher than in Valparaiso, IN.
Median Household Income
Valparaiso, IN: $67,664 · Carmel, IN: $134,602
Carmel, IN has a higher median household income than Valparaiso, IN by $66,938.
Valparaiso, IN overview · Carmel, IN overview · Popular comparisons