Eldora, IA vs Gowrie, IA

Eldora, IA and Gowrie, IA have a very similar cost of living, with only a 1.1% difference in their overall index. Eldora scores 62 while Gowrie 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 Eldora is $735/month compared to $753/month in Gowrie — a 2% difference. Interestingly, home values tell a different story: while Eldora has cheaper rent, Gowrie actually has lower median home values ($98,400 vs $108,800).

Median household income in Eldora is $72,107 compared to $74,375 in Gowrie (-3%). While Gowrie is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Eldora spend roughly 12.2% of their income on rent, more than the 12.1% in Gowrie.