Albia, IA vs Walnut, IA

Albia, IA and Walnut, IA have a very similar cost of living, with only a 1.6% difference in their overall index. Albia scores 67 while Walnut scores 66 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 Albia is $803/month compared to $844/month in Walnut — a 5% difference. Interestingly, home values tell a different story: while Albia has cheaper rent, Walnut actually has lower median home values ($97,900 vs $132,500).

Median household income in Albia is $67,791 compared to $65,278 in Walnut (+3.8%). While Albia is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albia spend roughly 14.2% of their income on rent, less than the 15.5% in Walnut.