Gilbert, IA vs New Hampton, IA

There is a significant gap in the cost of living between these two cities. New Hampton is 15% cheaper than Gilbert. With a cost index of 70 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Hampton to Gilbert should plan for substantially higher expenses across most categories.

On the housing front, median rent in Gilbert is $887/month compared to $838/month in New Hampton — a 6% difference. Home values follow the same pattern: New Hampton is more affordable at $159,200 median vs $267,200.

Median household income in Gilbert is $112,250 compared to $61,491 in New Hampton (+82.5%). While Gilbert is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gilbert spend roughly 9.5% of their income on rent, less than the 16.4% in New Hampton.