Eldora, IA vs Newell, IA

Eldora, IA and Newell, IA have a very similar cost of living, with only a 0.4% difference in their overall index. Eldora scores 62 while Newell scores 62 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 $717/month in Newell — a 3% difference. Home values follow the same pattern: Newell is more affordable at $106,300 median vs $108,800.

Median household income in Eldora is $72,107 compared to $66,406 in Newell (+8.6%). Eldora offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Eldora spend roughly 12.2% of their income on rent, less than the 13% in Newell.