Floyd, IA vs Wheatland, IA

Floyd, IA and Wheatland, IA have a very similar cost of living, with only a 0.6% difference in their overall index. Floyd scores 66 while Wheatland scores 66 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 Floyd is $850/month compared to $803/month in Wheatland — a 6% difference. Interestingly, home values tell a different story: while Wheatland has cheaper rent, Floyd actually has lower median home values ($106,700 vs $119,200).

Median household income in Floyd is $61,000 compared to $36,071 in Wheatland (+69.1%). While Floyd is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Floyd spend roughly 16.7% of their income on rent, less than the 26.7% in Wheatland.