Delaware, IA vs Mingo, IA

Delaware, IA and Mingo, IA have a very similar cost of living, with only a 2.3% difference in their overall index. Delaware scores 62 while Mingo scores 63 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Delaware is $613/month compared to $691/month in Mingo — a 11% difference. Interestingly, home values tell a different story: while Delaware has cheaper rent, Mingo actually has lower median home values ($120,300 vs $139,500).

Median household income in Delaware is $72,083 compared to $61,806 in Mingo (+16.6%). Delaware offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Delaware spend roughly 10.2% of their income on rent, less than the 13.4% in Mingo.