Farragut, IA vs Neola, IA

There is a significant gap in the cost of living between these two cities. Farragut is 23.9% cheaper than Neola. With a cost index of 58 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Farragut to Neola should plan for substantially higher expenses across most categories.

On the housing front, median rent in Farragut is $584/month compared to $994/month in Neola — a 41% difference. Home values follow the same pattern: Farragut is more affordable at $102,900 median vs $166,400.

Median household income in Farragut is $65,938 compared to $68,859 in Neola (-4.2%). Neola 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 Farragut spend roughly 10.6% of their income on rent, less than the 17.3% in Neola.