Coralville, IA vs Spencer, IA

There is a significant gap in the cost of living between these two cities. Spencer is 22.7% cheaper than Coralville. With a cost index of 71 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Spencer to Coralville should plan for substantially higher expenses across most categories.

On the housing front, median rent in Coralville is $1,021/month compared to $795/month in Spencer — a 28% difference. Home values follow the same pattern: Spencer is more affordable at $178,300 median vs $286,000.

Median household income in Coralville is $66,508 compared to $57,068 in Spencer (+16.5%). The higher salaries in Coralville partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Coralville spend roughly 18.4% of their income on rent, more than the 16.7% in Spencer.