Chariton, IA vs Wellman, IA

Chariton is moderately more affordable than Wellman, with a 10.6% lower cost of living index. Chariton scores 60 compared to 68 for Wellman, where the US average is 100. This difference means residents of Wellman can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Chariton is $716/month compared to $765/month in Wellman — a 6% difference. Home values follow the same pattern: Chariton is more affordable at $84,200 median vs $149,000.

Median household income in Chariton is $52,109 compared to $56,696 in Wellman (-8.1%). The higher salaries in Wellman partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Chariton spend roughly 16.5% of their income on rent, more than the 16.2% in Wellman.