Dike, IA vs New Hampton, IA

Dike, IA and New Hampton, IA have a very similar cost of living, with only a 1.9% difference in their overall index. Dike scores 72 while New Hampton scores 70 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 Dike is $708/month compared to $838/month in New Hampton — a 16% difference. Interestingly, home values tell a different story: while Dike has cheaper rent, New Hampton actually has lower median home values ($159,200 vs $235,900).

Median household income in Dike is $88,523 compared to $61,491 in New Hampton (+44%). While Dike is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Dike spend roughly 9.6% of their income on rent, less than the 16.4% in New Hampton.