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Charles City, IA vs Newton, IA

61
Charles City
Iowa
VS
-13.4%
70
Newton
Iowa

Charles City is moderately more affordable than Newton, with a 13.4% lower cost of living index. Charles City scores 61 compared to 70 for Newton, where the US average is 100. This difference means residents of Newton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Charles City is $628/month compared to $828/month in Newton — a 24% difference. Home values follow the same pattern: Charles City is more affordable at $118,900 median vs $151,600.

Median household income in Charles City is $56,734 compared to $56,321 in Newton (+0.7%). Charles City offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Charles City spend roughly 13.3% of their income on rent, less than the 17.6% in Newton.

Income & Cost

Cost of Living Index
Charles City
61
13% cheaper
Newton
70
Median Household Income
Charles City
$56,734
1% higher
Newton
$56,321

Housing

Median Rent
Charles City
$628
24% cheaper
Newton
$828
Median Home Value
Charles City
$118,900
22% cheaper
Newton
$151,600
Population
Charles City
7,321
Newton
15,696

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Charles City
Newton $2.96
US $3.07
🥚
Eggs (grade A, large)
Charles City
Newton $2.42
US $2.50
🥛
Milk (whole)
Charles City
Newton $3.89
US $4.03
🍞
Bread (white)
Charles City
Newton $1.79
US $1.85
🍗
Chicken breast
Charles City
Newton $4.00
US $4.14
Electricity
Charles City
Newton $0.17
US $0.19