Charter Oak, IA vs Davis City, IA

Charter Oak, IA and Davis City, IA have a very similar cost of living, with only a 4.4% difference in their overall index. Charter Oak scores 60 while Davis City scores 58 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Charter Oak is $710/month compared to $725/month in Davis City — a 2% difference. Interestingly, home values tell a different story: while Charter Oak has cheaper rent, Davis City actually has lower median home values ($45,500 vs $81,600).

Median household income in Charter Oak is $58,068 compared to $37,417 in Davis City (+55.2%). While Charter Oak is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Charter Oak spend roughly 14.7% of their income on rent, less than the 23.3% in Davis City.