Calmar, IA vs Madrid, IA

Calmar is moderately more affordable than Madrid, with a 12.8% lower cost of living index. Calmar scores 69 compared to 79 for Madrid, where the US average is 100. This difference means residents of Madrid can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Calmar is $684/month compared to $1,034/month in Madrid — a 34% difference. Interestingly, home values tell a different story: while Calmar has cheaper rent, Madrid actually has lower median home values ($185,100 vs $194,600).

Median household income in Calmar is $81,583 compared to $86,915 in Madrid (-6.1%). Madrid does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Calmar spend roughly 10.1% of their income on rent, less than the 14.3% in Madrid.