Corning, IA vs Farmington, IA

Farmington is moderately more affordable than Corning, with a 6% lower cost of living index. Corning scores 62 compared to 58 for Farmington, where the US average is 100. This difference means residents of Corning can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Corning is $750/month compared to $692/month in Farmington — a 8% difference. Home values follow the same pattern: Farmington is more affordable at $63,600 median vs $84,700.

Median household income in Corning is $60,446 compared to $54,643 in Farmington (+10.6%). While Corning is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Corning spend roughly 14.9% of their income on rent, less than the 15.2% in Farmington.