Fremont, IA vs Madrid, IA

There is a significant gap in the cost of living between these two cities. Fremont is 22.7% cheaper than Madrid. With a cost index of 61 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Fremont to Madrid should plan for substantially higher expenses across most categories.

On the housing front, median rent in Fremont is $711/month compared to $1,034/month in Madrid — a 31% difference. Home values follow the same pattern: Fremont is more affordable at $89,500 median vs $185,100.

Median household income in Fremont is $73,239 compared to $86,915 in Madrid (-15.7%). The higher salaries in Madrid partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Fremont spend roughly 11.6% of their income on rent, less than the 14.3% in Madrid.