Chariton, IA vs Slater, IA

There is a significant gap in the cost of living between these two cities. Chariton is 21.8% cheaper than Slater. With a cost index of 60 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chariton to Slater should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chariton is $716/month compared to $877/month in Slater — a 18% difference. Home values follow the same pattern: Chariton is more affordable at $84,200 median vs $222,000.

Median household income in Chariton is $52,109 compared to $87,708 in Slater (-40.6%). While Slater is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Chariton spend roughly 16.5% of their income on rent, more than the 12% in Slater.