Colesburg, IA vs New Providence, IA

Colesburg, IA and New Providence, IA have a very similar cost of living, with only a 2% difference in their overall index. Colesburg scores 55 while New Providence scores 56 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 Colesburg is $494/month compared to $589/month in New Providence — a 16% difference. Interestingly, home values tell a different story: while Colesburg has cheaper rent, New Providence actually has lower median home values ($80,000 vs $103,700).

Median household income in Colesburg is $50,000 compared to $83,250 in New Providence (-39.9%). While New Providence is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colesburg spend roughly 11.9% of their income on rent, more than the 8.5% in New Providence.