Chatsworth, IA vs Hancock, IA

There is a significant gap in the cost of living between these two cities. Hancock is 21.4% cheaper than Chatsworth. With a cost index of 65 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hancock to Chatsworth should plan for substantially higher expenses across most categories.

Renters will find that Chatsworth has a median rent of $740/month while Hancock comes in at $794/month, a 7% difference.

Median household income in Chatsworth is $45,556 compared to $79,375 in Hancock (-42.6%). Hancock offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Chatsworth spend roughly 19.5% of their income on rent, more than the 12% in Hancock.