Charter Oak, IA vs Oakville, IA

Charter Oak is moderately more affordable than Oakville, with a 8.2% lower cost of living index. Charter Oak scores 60 compared to 65 for Oakville, where the US average is 100. This difference means residents of Oakville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Charter Oak is $710/month compared to $900/month in Oakville — a 21% difference. Interestingly, home values tell a different story: while Charter Oak has cheaper rent, Oakville actually has lower median home values ($76,700 vs $81,600).

Median household income in Charter Oak is $58,068 compared to $53,750 in Oakville (+8%). Charter Oak offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Charter Oak spend roughly 14.7% of their income on rent, less than the 20.1% in Oakville.