Barnum, IA vs Hedrick, IA

Barnum, IA and Hedrick, IA have a very similar cost of living, with only a 3.6% difference in their overall index. Barnum scores 58 while Hedrick scores 56 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 Barnum is $495/month compared to $581/month in Hedrick — a 15% difference. Interestingly, home values tell a different story: while Barnum has cheaper rent, Hedrick actually has lower median home values ($75,900 vs $132,500).

Median household income in Barnum is $83,580 compared to $63,750 in Hedrick (+31.1%). While Barnum is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Barnum spend roughly 7.1% of their income on rent, less than the 10.9% in Hedrick.