Gilman, IA vs Henderson, IA

Gilman is moderately more affordable than Henderson, with a 13.8% lower cost of living index. Gilman scores 59 compared to 68 for Henderson, where the US average is 100. This difference means residents of Henderson can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Gilman is $650/month compared to $950/month in Henderson — a 32% difference. Home values follow the same pattern: Gilman is more affordable at $81,900 median vs $87,100.

Median household income in Gilman is $96,974 compared to $51,250 in Henderson (+89.2%). Gilman offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Gilman spend roughly 8% of their income on rent, less than the 22.2% in Henderson.