Albert City, IA vs Wapello, IA

Albert City, IA and Wapello, IA have a very similar cost of living, with only a 1.3% difference in their overall index. Albert City scores 63 while Wapello scores 64 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 Albert City is $778/month compared to $707/month in Wapello — a 10% difference. Interestingly, home values tell a different story: while Wapello has cheaper rent, Albert City actually has lower median home values ($92,500 vs $128,800).

Median household income in Albert City is $76,094 compared to $71,131 in Wapello (+7%). 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, more than the 11.9% in Wapello.