Earlham, IA vs Lovilia, IA
There is a significant gap in the cost of living between these two cities. Lovilia is 21.5% cheaper than Earlham. With a cost index of 63 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lovilia to Earlham should plan for substantially higher expenses across most categories.
On the housing front, median rent in Earlham is $779/month compared to $783/month in Lovilia — a 1% difference. Interestingly, home values tell a different story: while Earlham has cheaper rent, Lovilia actually has lower median home values ($89,800 vs $248,400).
Median household income in Earlham is $104,464 compared to $55,000 in Lovilia (+89.9%). 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 Earlham spend roughly 8.9% of their income on rent, less than the 17.1% in Lovilia.
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