Conrad, IA vs New Hampton, IA

Conrad, IA and New Hampton, IA have a very similar cost of living, with only a 2.7% difference in their overall index. Conrad scores 72 while New Hampton scores 70 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 Conrad is $944/month compared to $838/month in New Hampton — a 13% difference. Interestingly, home values tell a different story: while New Hampton has cheaper rent, Conrad actually has lower median home values ($156,100 vs $159,200).

Median household income in Conrad is $73,844 compared to $61,491 in New Hampton (+20.1%). While Conrad is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Conrad spend roughly 15.3% of their income on rent, less than the 16.4% in New Hampton.