Elgin, IA vs Luana, IA

Elgin is moderately more affordable than Luana, with a 10.7% lower cost of living index. Elgin scores 58 compared to 65 for Luana, where the US average is 100. This difference means residents of Luana can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elgin is $634/month compared to $675/month in Luana — a 6% difference. Home values follow the same pattern: Elgin is more affordable at $87,300 median vs $157,100.

Median household income in Elgin is $60,114 compared to $73,438 in Luana (-18.1%). While Luana 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 11% in Luana.