Farmington, IA vs Mount Auburn, IA

There is a significant gap in the cost of living between these two cities. Farmington is 18.8% cheaper than Mount Auburn. With a cost index of 58 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farmington to Mount Auburn should plan for substantially higher expenses across most categories.

On the housing front, median rent in Farmington is $692/month compared to $1,021/month in Mount Auburn — a 32% difference. Home values follow the same pattern: Farmington is more affordable at $63,600 median vs $109,400.

Median household income in Farmington is $54,643 compared to $76,250 in Mount Auburn (-28.3%). While Mount Auburn is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington spend roughly 15.2% of their income on rent, less than the 16.1% in Mount Auburn.