Fayette, IA vs Williamsburg, IA

Fayette, IA and Williamsburg, IA have a very similar cost of living, with only a 3.1% difference in their overall index. Fayette scores 71 while Williamsburg scores 69 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 Fayette is $963/month compared to $702/month in Williamsburg — a 37% difference. Interestingly, home values tell a different story: while Williamsburg has cheaper rent, Fayette actually has lower median home values ($123,300 vs $194,000).

Median household income in Fayette is $39,297 compared to $65,607 in Williamsburg (-40.1%). Williamsburg offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fayette spend roughly 29.4% of their income on rent, more than the 12.8% in Williamsburg.