Carroll, IA vs New Hampton, IA

Carroll, IA and New Hampton, IA have a very similar cost of living, with only a 2.3% difference in their overall index. Carroll scores 69 while New Hampton scores 70 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 Carroll is $718/month compared to $838/month in New Hampton — a 14% difference. Interestingly, home values tell a different story: while Carroll has cheaper rent, New Hampton actually has lower median home values ($159,200 vs $184,100).

Median household income in Carroll is $59,323 compared to $61,491 in New Hampton (-3.5%). While New Hampton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Carroll spend roughly 14.5% of their income on rent, less than the 16.4% in New Hampton.