Chariton, IA vs Urbana, IA

There is a significant gap in the cost of living between these two cities. Chariton is 17.7% cheaper than Urbana. With a cost index of 60 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chariton to Urbana should plan for substantially higher expenses across most categories.

On the housing front, median rent in Chariton is $716/month compared to $776/month in Urbana — a 8% difference. Home values follow the same pattern: Chariton is more affordable at $84,200 median vs $224,100.

Median household income in Chariton is $52,109 compared to $112,672 in Urbana (-53.8%). While Urbana 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 8.3% in Urbana.