Colo, IA vs Granville, IA

Colo, IA and Granville, IA have a very similar cost of living, with only a 3.6% difference in their overall index. Colo scores 80 while Granville scores 78 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 Colo is $1,200/month compared to $1,089/month in Granville — a 10% difference. Interestingly, home values tell a different story: while Granville has cheaper rent, Colo actually has lower median home values ($147,400 vs $156,300).

Median household income in Colo is $73,125 compared to $68,958 in Granville (+6%). While Colo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colo spend roughly 19.7% of their income on rent, more than the 19% in Granville.