Farragut, IA vs New Sharon, IA

Farragut, IA and New Sharon, IA have a very similar cost of living, with only a 2% difference in their overall index. Farragut scores 58 while New Sharon scores 59 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 Farragut is $584/month compared to $564/month in New Sharon — a 4% difference. Interestingly, home values tell a different story: while New Sharon has cheaper rent, Farragut actually has lower median home values ($102,900 vs $125,000).

Median household income in Farragut is $65,938 compared to $60,000 in New Sharon (+9.9%). Farragut offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Farragut spend roughly 10.6% of their income on rent, less than the 11.3% in New Sharon.