Collins, IA vs Traer, IA

Collins, IA and Traer, IA have a very similar cost of living, with only a 4% difference in their overall index. Collins scores 70 while Traer scores 72 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 Collins is $883/month compared to $1,016/month in Traer — a 13% difference. Home values follow the same pattern: Collins is more affordable at $130,700 median vs $131,900.

Median household income in Collins is $67,292 compared to $79,653 in Traer (-15.5%). While Traer is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Collins spend roughly 15.7% of their income on rent, more than the 15.3% in Traer.