Ely, IA vs Long Grove, IA

There is a significant gap in the cost of living between these two cities. Ely is 15.4% cheaper than Long Grove. With a cost index of 85 vs 100, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ely to Long Grove should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ely is $1,014/month compared to $1,479/month in Long Grove — a 31% difference. Home values follow the same pattern: Ely is more affordable at $275,800 median vs $295,900.

Median household income in Ely is $102,262 compared to $124,297 in Long Grove (-17.7%). While Long Grove is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ely spend roughly 11.9% of their income on rent, less than the 14.3% in Long Grove.