Boone, IA vs Knoxville, IA

Boone, IA and Knoxville, IA have a very similar cost of living, with only a 0.5% difference in their overall index. Boone scores 69 while Knoxville 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 $810/month in Knoxville — a 2% difference. Interestingly, home values tell a different story: while Boone has cheaper rent, Knoxville actually has lower median home values ($147,600 vs $156,400).

Median household income in Boone is $67,269 compared to $70,136 in Knoxville (-4.1%). Knoxville 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 13.9% in Knoxville.