Clarence, IA vs Farnhamville, IA

There is a significant gap in the cost of living between these two cities. Farnhamville is 17.4% cheaper than Clarence. With a cost index of 60 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farnhamville to Clarence should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clarence is $925/month compared to $754/month in Farnhamville — a 23% difference. Home values follow the same pattern: Farnhamville is more affordable at $69,200 median vs $137,800.

Median household income in Clarence is $56,875 compared to $55,000 in Farnhamville (+3.4%). Clarence does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Clarence spend roughly 19.5% of their income on rent, more than the 16.5% in Farnhamville.