Elk Horn, IA vs Farley, IA

There is a significant gap in the cost of living between these two cities. Elk Horn is 21.2% cheaper than Farley. With a cost index of 62 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Elk Horn to Farley should plan for substantially higher expenses across most categories.

On the housing front, median rent in Elk Horn is $643/month compared to $893/month in Farley — a 28% difference. Home values follow the same pattern: Elk Horn is more affordable at $125,300 median vs $242,600.

Median household income in Elk Horn is $60,000 compared to $96,563 in Farley (-37.9%). While Farley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elk Horn spend roughly 12.9% of their income on rent, more than the 11.1% in Farley.