Algona, IA vs Newton, IA

Algona, IA and Newton, IA have a very similar cost of living, with only a 2.2% difference in their overall index. Algona scores 72 while Newton scores 70 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 Algona is $887/month compared to $828/month in Newton — a 7% difference. Home values follow the same pattern: Newton is more affordable at $151,600 median vs $156,200.

Median household income in Algona is $52,542 compared to $56,321 in Newton (-6.7%). Newton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Algona spend roughly 20.3% of their income on rent, more than the 17.6% in Newton.