Farley, IA vs Goldfield, IA

The cost of living difference between Farley, IA and Goldfield, IA is dramatic. Goldfield is 41.5% cheaper than Farley, a gap that translates to thousands of dollars per year in household expenses. Farley has a cost index of 78 while Goldfield sits at 55, 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 $535/month in Goldfield — a 67% difference. Home values follow the same pattern: Goldfield is more affordable at $87,800 median vs $242,600.

Median household income in Farley is $96,563 compared to $54,500 in Goldfield (+77.2%). While Farley is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farley spend roughly 11.1% of their income on rent, less than the 11.8% in Goldfield.