Evansdale, IA vs Spencer, IA

Evansdale, IA and Spencer, IA have a very similar cost of living, with only a 0.3% difference in their overall index. Evansdale scores 71 while Spencer scores 71 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 Evansdale is $945/month compared to $795/month in Spencer — a 19% difference. Interestingly, home values tell a different story: while Spencer has cheaper rent, Evansdale actually has lower median home values ($138,200 vs $178,300).

Median household income in Evansdale is $57,415 compared to $57,068 in Spencer (+0.6%). While Evansdale is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Evansdale spend roughly 19.8% of their income on rent, more than the 16.7% in Spencer.