Farmington, IA vs Woolstock, IA

Farmington is moderately more affordable than Woolstock, with a 8.5% lower cost of living index. Farmington scores 58 compared to 63 for Woolstock, where the US average is 100. This difference means residents of Woolstock 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 $813/month in Woolstock — a 15% difference. Home values follow the same pattern: Farmington is more affordable at $63,600 median vs $84,500.

Median household income in Farmington is $54,643 compared to $87,857 in Woolstock (-37.8%). While Woolstock 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, more than the 11.1% in Woolstock.