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Fredonia, PA vs Iola, PA

60
Fredonia
Pennsylvania
VS
-17.7%
73
Iola
Pennsylvania

There is a significant gap in the cost of living between these two cities. Fredonia is 17.7% cheaper than Iola. With a cost index of 60 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fredonia to Iola should plan for substantially higher expenses across most categories.

On the housing front, median rent in Fredonia is $625/month compared to $624/month in Iola — a 0% difference. Interestingly, home values tell a different story: while Iola has cheaper rent, Fredonia actually has lower median home values ($94,600 vs $262,500).

Median household income in Fredonia is $48,571 compared to $13,750 in Iola (+253.2%). Fredonia offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Fredonia spend roughly 15.4% of their income on rent, less than the 54.5% in Iola. The Fredonia ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Income & Cost

Cost of Living Index
Fredonia
60
18% cheaper
Iola
73
Median Household Income
Fredonia
$48,571
72% higher
Iola
$13,750

Housing

Median Rent
Fredonia
$625
Iola
$624
Median Home Value
Fredonia
$94,600
64% cheaper
Iola
$262,500
Population
Fredonia
382
Iola
129

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Fredonia
Iola $3.01
US $3.07
🥚
Eggs (grade A, large)
Fredonia
Iola $2.46
US $2.50
🥛
Milk (whole)
Fredonia
Iola $3.96
US $4.03
🍞
Bread (white)
Fredonia
Iola $1.82
US $1.85
🍗
Chicken breast
Fredonia
Iola $4.07
US $4.14
Electricity
Fredonia
Iola $0.22
US $0.19