Belmond, IA vs De Soto, IA
There is a significant gap in the cost of living between these two cities. Belmond is 15.7% cheaper than De Soto. With a cost index of 66 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Belmond to De Soto should plan for substantially higher expenses across most categories.
On the housing front, median rent in Belmond is $820/month compared to $933/month in De Soto — a 12% difference. Home values follow the same pattern: Belmond is more affordable at $110,800 median vs $210,500.
Median household income in Belmond is $58,750 compared to $92,500 in De Soto (-36.5%). While De Soto is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Belmond spend roughly 16.7% of their income on rent, more than the 12.1% in De Soto.
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