Danville, IA vs Madrid, IA

Danville is moderately more affordable than Madrid, with a 12.4% lower cost of living index. Danville scores 69 compared to 79 for Madrid, where the US average is 100. This difference means residents of Madrid can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Danville is $817/month compared to $1,034/month in Madrid — a 21% difference. Home values follow the same pattern: Danville is more affordable at $148,600 median vs $185,100.

Median household income in Danville is $82,917 compared to $86,915 in Madrid (-4.6%). Madrid does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Danville spend roughly 11.8% of their income on rent, less than the 14.3% in Madrid.