Cherokee, IA vs Parkersburg, IA

Cherokee is moderately more affordable than Parkersburg, with a 7.6% lower cost of living index. Cherokee scores 63 compared to 68 for Parkersburg, where the US average is 100. This difference means residents of Parkersburg can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cherokee is $707/month compared to $695/month in Parkersburg — a 2% difference. Interestingly, home values tell a different story: while Parkersburg has cheaper rent, Cherokee actually has lower median home values ($119,400 vs $200,000).

Median household income in Cherokee is $48,693 compared to $73,482 in Parkersburg (-33.7%). While Parkersburg is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cherokee spend roughly 17.4% of their income on rent, more than the 11.3% in Parkersburg.