Brayton, IA vs Mingo, IA

Brayton, IA and Mingo, IA have a very similar cost of living, with only a 4% difference in their overall index. Brayton scores 61 while Mingo scores 63 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 Brayton is $760/month compared to $691/month in Mingo — a 10% difference. Interestingly, home values tell a different story: while Mingo has cheaper rent, Brayton actually has lower median home values ($71,400 vs $120,300).

Median household income in Brayton is $50,500 compared to $61,806 in Mingo (-18.3%). While Mingo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Brayton spend roughly 18.1% of their income on rent, more than the 13.4% in Mingo.