Alexander, IA vs Rome, IA

There is a significant gap in the cost of living between these two cities. Alexander is 26.9% cheaper than Rome. With a cost index of 50 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alexander to Rome should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alexander is $446/month compared to $1,021/month in Rome — a 56% difference. Home values follow the same pattern: Alexander is more affordable at $54,400 median vs $61,300.

Median household income in Alexander is $78,750 compared to $29,531 in Rome (+166.7%). Alexander offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alexander spend roughly 6.8% of their income on rent, less than the 41.5% in Rome. The Alexander ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.