Farmington, IA vs Wellman, IA

Farmington is moderately more affordable than Wellman, with a 14.1% lower cost of living index. Farmington scores 58 compared to 68 for Wellman, where the US average is 100. This difference means residents of Wellman can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Farmington is $692/month compared to $765/month in Wellman — a 10% difference. Home values follow the same pattern: Farmington is more affordable at $63,600 median vs $149,000.

Median household income in Farmington is $54,643 compared to $56,696 in Wellman (-3.6%). Wellman does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Farmington spend roughly 15.2% of their income on rent, less than the 16.2% in Wellman.