Allison, IA vs Terril, IA

There is a significant gap in the cost of living between these two cities. Allison is 16.7% cheaper than Terril. With a cost index of 59 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Allison to Terril should plan for substantially higher expenses across most categories.

On the housing front, median rent in Allison is $619/month compared to $1,036/month in Terril — a 40% difference. Interestingly, home values tell a different story: while Allison has cheaper rent, Terril actually has lower median home values ($95,400 vs $104,600).

Median household income in Allison is $64,306 compared to $42,917 in Terril (+49.8%). Allison offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Allison spend roughly 11.6% of their income on rent, less than the 29% in Terril.