Clare, IA vs Farmington, IA

Clare, IA and Farmington, IA have a very similar cost of living, with only a 0.2% difference in their overall index. Clare scores 58 while Farmington 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 Clare is $650/month compared to $692/month in Farmington — a 6% difference. Interestingly, home values tell a different story: while Clare has cheaper rent, Farmington actually has lower median home values ($63,600 vs $77,500).

Median household income in Clare is $83,750 compared to $54,643 in Farmington (+53.3%). Clare offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Clare spend roughly 9.3% of their income on rent, less than the 15.2% in Farmington.