Boone, IA vs Independence, IA

Boone, IA and Independence, IA have a very similar cost of living, with only a 1.2% difference in their overall index. Boone scores 69 while Independence scores 68 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 Boone is $791/month compared to $769/month in Independence — a 3% difference. Interestingly, home values tell a different story: while Independence has cheaper rent, Boone actually has lower median home values ($156,400 vs $156,900).

Median household income in Boone is $67,269 compared to $72,250 in Independence (-6.9%). Independence offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Boone spend roughly 14.1% of their income on rent, more than the 12.8% in Independence.