Ackley, IA vs Farmington, IA

Ackley, IA and Farmington, IA have a very similar cost of living, with only a 2.5% difference in their overall index. Ackley scores 59 while Farmington scores 58 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 Ackley is $677/month compared to $692/month in Farmington — a 2% difference. Interestingly, home values tell a different story: while Ackley has cheaper rent, Farmington actually has lower median home values ($63,600 vs $99,200).

Median household income in Ackley is $61,667 compared to $54,643 in Farmington (+12.9%). While Ackley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ackley spend roughly 13.2% of their income on rent, less than the 15.2% in Farmington.