Elk Run Heights, IA vs Fairfax, IA

Elk Run Heights is moderately more affordable than Fairfax, with a 8.6% lower cost of living index. Elk Run Heights scores 83 compared to 90 for Fairfax, where the US average is 100. This difference means residents of Fairfax can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Elk Run Heights is $1,250/month compared to $1,188/month in Fairfax — a 5% difference. Interestingly, home values tell a different story: while Fairfax has cheaper rent, Elk Run Heights actually has lower median home values ($169,400 vs $278,800).

Median household income in Elk Run Heights is $68,828 compared to $120,552 in Fairfax (-42.9%). While Fairfax 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 Run Heights spend roughly 21.8% of their income on rent, more than the 11.8% in Fairfax.