Elgin, IA vs Hull, IA

There is a significant gap in the cost of living between these two cities. Elgin is 20.1% cheaper than Hull. With a cost index of 58 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elgin to Hull should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elgin is $634/month compared to $771/month in Hull — a 18% difference. Home values follow the same pattern: Elgin is more affordable at $87,300 median vs $215,700.

Median household income in Elgin is $60,114 compared to $76,213 in Hull (-21.1%). While Hull is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elgin spend roughly 12.7% of their income on rent, more than the 12.1% in Hull.