Farnhamville, IA vs Laurens, IA

Farnhamville, IA and Laurens, IA have a very similar cost of living, with only a 0.7% difference in their overall index. Farnhamville scores 60 while Laurens scores 61 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Farnhamville is $754/month compared to $763/month in Laurens — a 1% difference. Home values follow the same pattern: Farnhamville is more affordable at $69,200 median vs $71,000.

Median household income in Farnhamville is $55,000 compared to $56,354 in Laurens (-2.4%). While Laurens is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farnhamville spend roughly 16.5% of their income on rent, more than the 16.2% in Laurens.