Fort Madison, IA vs New Hampton, IA

Fort Madison is moderately more affordable than New Hampton, with a 8% lower cost of living index. Fort Madison scores 65 compared to 70 for New Hampton, where the US average is 100. This difference means residents of New Hampton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Fort Madison is $824/month compared to $838/month in New Hampton — a 2% difference. Home values follow the same pattern: Fort Madison is more affordable at $95,900 median vs $159,200.

Median household income in Fort Madison is $49,359 compared to $61,491 in New Hampton (-19.7%). While New Hampton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fort Madison spend roughly 20% of their income on rent, more than the 16.4% in New Hampton.