Centralia, IA vs Mingo, IA

There is a significant gap in the cost of living between these two cities. Mingo is 25.8% cheaper than Centralia. With a cost index of 63 vs 80, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mingo to Centralia should plan for substantially higher expenses across most categories.

On the housing front, median rent in Centralia is $975/month compared to $691/month in Mingo — a 41% difference. Home values follow the same pattern: Mingo is more affordable at $120,300 median vs $230,000.

Median household income in Centralia is $73,750 compared to $61,806 in Mingo (+19.3%). The higher salaries in Centralia partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Centralia spend roughly 15.9% of their income on rent, more than the 13.4% in Mingo.