Elkader, IA vs Williamsburg, IA

Elkader, IA and Williamsburg, IA have a very similar cost of living, with only a 0.5% difference in their overall index. Elkader scores 69 while Williamsburg scores 69 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 Elkader is $851/month compared to $702/month in Williamsburg — a 21% difference. Interestingly, home values tell a different story: while Williamsburg has cheaper rent, Elkader actually has lower median home values ($134,300 vs $194,000).

Median household income in Elkader is $61,786 compared to $65,607 in Williamsburg (-5.8%). While Williamsburg is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Elkader spend roughly 16.5% of their income on rent, more than the 12.8% in Williamsburg.