Charlotte, IA vs Fayette, IA

Charlotte is moderately more affordable than Fayette, with a 14.2% lower cost of living index. Charlotte scores 61 compared to 71 for Fayette, where the US average is 100. This difference means residents of Fayette can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Charlotte is $704/month compared to $963/month in Fayette — a 27% difference. Home values follow the same pattern: Charlotte is more affordable at $95,500 median vs $123,300.

Median household income in Charlotte is $69,792 compared to $39,297 in Fayette (+77.6%). Charlotte offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Charlotte spend roughly 12.1% of their income on rent, less than the 29.4% in Fayette.