Farnhamville, IA vs Matlock, IA

There is a significant gap in the cost of living between these two cities. Farnhamville is 23.8% cheaper than Matlock. With a cost index of 60 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farnhamville to Matlock should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in Farnhamville are $69,200 compared to $89,700 in Matlock, a 23% gap.

Median household income in Farnhamville is $55,000 compared to $81,771 in Matlock (-32.7%). While Matlock is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.