Belmond, IA vs Hospers, IA

Belmond, IA and Hospers, IA have a very similar cost of living, with only a 1% difference in their overall index. Belmond scores 66 while Hospers scores 66 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 Belmond is $820/month compared to $698/month in Hospers — a 18% difference. Interestingly, home values tell a different story: while Hospers has cheaper rent, Belmond actually has lower median home values ($110,800 vs $163,700).

Median household income in Belmond is $58,750 compared to $73,819 in Hospers (-20.4%). While Hospers 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 11.3% in Hospers.