Afton, IA vs Madrid, IA

There is a significant gap in the cost of living between these two cities. Afton is 27.3% cheaper than Madrid. With a cost index of 57 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Afton to Madrid should plan for substantially higher expenses across most categories.

On the housing front, median rent in Afton is $564/month compared to $1,034/month in Madrid — a 46% difference. Home values follow the same pattern: Afton is more affordable at $99,700 median vs $185,100.

Median household income in Afton is $57,232 compared to $86,915 in Madrid (-34.2%). While Madrid is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Afton spend roughly 11.8% of their income on rent, less than the 14.3% in Madrid.