Gilbertville, IA vs Prescott, IA

Prescott is moderately more affordable than Gilbertville, with a 9% lower cost of living index. Gilbertville scores 71 compared to 65 for Prescott, where the US average is 100. This difference means residents of Gilbertville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gilbertville is $815/month compared to $920/month in Prescott — a 11% difference. Interestingly, home values tell a different story: while Gilbertville has cheaper rent, Prescott actually has lower median home values ($65,000 vs $187,500).

Median household income in Gilbertville is $83,750 compared to $66,750 in Prescott (+25.5%). While Gilbertville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gilbertville spend roughly 11.7% of their income on rent, less than the 16.5% in Prescott.