Fredericksburg, IA vs Tipton, IA

Fredericksburg, IA and Tipton, IA have a very similar cost of living, with only a 2.6% difference in their overall index. Fredericksburg scores 67 while Tipton 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 Fredericksburg is $750/month compared to $823/month in Tipton — a 9% difference. Interestingly, home values tell a different story: while Fredericksburg has cheaper rent, Tipton actually has lower median home values ($146,000 vs $164,100).

Median household income in Fredericksburg is $65,809 compared to $67,625 in Tipton (-2.7%). While Tipton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Fredericksburg spend roughly 13.7% of their income on rent, less than the 14.6% in Tipton.