Colfax, IA vs Gilbertville, IA

Colfax, IA and Gilbertville, IA have a very similar cost of living, with only a 0.1% difference in their overall index. Colfax scores 71 while Gilbertville scores 71 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 Colfax is $830/month compared to $815/month in Gilbertville — a 2% difference. Interestingly, home values tell a different story: while Gilbertville has cheaper rent, Colfax actually has lower median home values ($160,500 vs $187,500).

Median household income in Colfax is $82,878 compared to $83,750 in Gilbertville (-1%). While Gilbertville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colfax spend roughly 12% of their income on rent, more than the 11.7% in Gilbertville.