Diagonal, IA vs Earlham, IA
There is a significant gap in the cost of living between these two cities. Diagonal is 16.1% cheaper than Earlham. With a cost index of 64 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Diagonal to Earlham should plan for substantially higher expenses across most categories.
On the housing front, median rent in Diagonal is $838/month compared to $779/month in Earlham — a 8% difference. Interestingly, home values tell a different story: while Earlham has cheaper rent, Diagonal actually has lower median home values ($84,400 vs $248,400).
Median household income in Diagonal is $80,417 compared to $104,464 in Earlham (-23%). While Earlham is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Diagonal spend roughly 12.5% of their income on rent, more than the 8.9% in Earlham.
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