Albert City, IA vs Parnell, IA

Albert City is moderately more affordable than Parnell, with a 10.9% lower cost of living index. Albert City scores 63 compared to 71 for Parnell, where the US average is 100. This difference means residents of Parnell can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Albert City is $778/month compared to $950/month in Parnell — a 18% difference. Home values follow the same pattern: Albert City is more affordable at $92,500 median vs $118,800.

Median household income in Albert City is $76,094 compared to $56,667 in Parnell (+34.3%). Albert City offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Albert City spend roughly 12.3% of their income on rent, less than the 20.1% in Parnell.