Algona, IA vs Walcott, IA

Algona, IA and Walcott, IA have a very similar cost of living, with only a 3.8% difference in their overall index. Algona scores 72 while Walcott scores 69 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 $778/month in Walcott — a 14% difference. Interestingly, home values tell a different story: while Walcott has cheaper rent, Algona actually has lower median home values ($156,200 vs $171,800).

Median household income in Algona is $52,542 compared to $82,756 in Walcott (-36.5%). Walcott 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 11.3% in Walcott.