Clarksville, IA vs Farnhamville, IA

Farnhamville is moderately more affordable than Clarksville, with a 5.7% lower cost of living index. Clarksville scores 64 compared to 60 for Farnhamville, where the US average is 100. This difference means residents of Clarksville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Clarksville is $747/month compared to $754/month in Farnhamville — a 1% difference. Interestingly, home values tell a different story: while Clarksville has cheaper rent, Farnhamville actually has lower median home values ($69,200 vs $114,200).

Median household income in Clarksville is $55,781 compared to $55,000 in Farnhamville (+1.4%). Clarksville 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 Clarksville spend roughly 16.1% of their income on rent, less than the 16.5% in Farnhamville.