Decorah, IA vs Sibley, IA
There is a significant gap in the cost of living between these two cities. Sibley is 15.3% cheaper than Decorah. With a cost index of 65 vs 75, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Sibley to Decorah should plan for substantially higher expenses across most categories.
On the housing front, median rent in Decorah is $788/month compared to $770/month in Sibley — a 2% difference. Home values follow the same pattern: Sibley is more affordable at $119,800 median vs $234,600.
Median household income in Decorah is $62,177 compared to $54,767 in Sibley (+13.5%). The higher salaries in Decorah partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Decorah spend roughly 15.2% of their income on rent, less than the 16.9% in Sibley.
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