Farley, IA vs Gilman, IA

The cost of living difference between Farley, IA and Gilman, IA is dramatic. Gilman is 32.7% cheaper than Farley, a gap that translates to thousands of dollars per year in household expenses. Farley has a cost index of 78 while Gilman sits at 59, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Farley is $893/month compared to $650/month in Gilman — a 37% difference. Home values follow the same pattern: Gilman is more affordable at $81,900 median vs $242,600.

Median household income in Farley is $96,563 compared to $96,974 in Gilman (-0.4%). Gilman offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Farley spend roughly 11.1% of their income on rent, more than the 8% in Gilman.