Gilman, IA vs Lisbon, IA

There is a significant gap in the cost of living between these two cities. Gilman is 18.4% cheaper than Lisbon. With a cost index of 59 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Gilman to Lisbon should plan for substantially higher expenses across most categories.

On the housing front, median rent in Gilman is $650/month compared to $792/month in Lisbon — a 18% difference. Home values follow the same pattern: Gilman is more affordable at $81,900 median vs $202,600.

Median household income in Gilman is $96,974 compared to $83,125 in Lisbon (+16.7%). 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 11.4% in Lisbon.