Denison, IA vs Madrid, IA

There is a significant gap in the cost of living between these two cities. Denison is 15.4% cheaper than Madrid. With a cost index of 66 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Denison to Madrid should plan for substantially higher expenses across most categories.

On the housing front, median rent in Denison is $770/month compared to $1,034/month in Madrid — a 26% difference. Home values follow the same pattern: Denison is more affordable at $137,600 median vs $185,100.

Median household income in Denison is $63,850 compared to $86,915 in Madrid (-26.5%). While Madrid is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Denison spend roughly 14.5% of their income on rent, more than the 14.3% in Madrid.