Audubon, IA vs Melbourne, IA

Audubon is moderately more affordable than Melbourne, with a 6.9% lower cost of living index. Audubon scores 62 compared to 66 for Melbourne, where the US average is 100. This difference means residents of Melbourne can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Audubon is $718/month compared to $722/month in Melbourne — a 1% difference. Home values follow the same pattern: Audubon is more affordable at $92,800 median vs $147,400.

Median household income in Audubon is $41,389 compared to $82,857 in Melbourne (-50%). While Melbourne is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Audubon spend roughly 20.8% of their income on rent, more than the 10.5% in Melbourne.