Corning, IA vs Mount Vernon, IA

There is a significant gap in the cost of living between these two cities. Corning is 20% cheaper than Mount Vernon. With a cost index of 62 vs 77, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Corning to Mount Vernon should plan for substantially higher expenses across most categories.

On the housing front, median rent in Corning is $750/month compared to $802/month in Mount Vernon — a 7% difference. Home values follow the same pattern: Corning is more affordable at $84,700 median vs $256,900.

Median household income in Corning is $60,446 compared to $106,356 in Mount Vernon (-43.2%). While Mount Vernon 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, more than the 9% in Mount Vernon.