Ely, IA vs Osceola, IA

There is a significant gap in the cost of living between these two cities. Osceola is 23.1% cheaper than Ely. With a cost index of 69 vs 85, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Osceola to Ely should plan for substantially higher expenses across most categories.

On the housing front, median rent in Ely is $1,014/month compared to $832/month in Osceola — a 22% difference. Home values follow the same pattern: Osceola is more affordable at $145,300 median vs $275,800.

Median household income in Ely is $102,262 compared to $62,363 in Osceola (+64%). While Ely 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 16% in Osceola.