Gilmore City, IA vs Parnell, IA

There is a significant gap in the cost of living between these two cities. Gilmore City is 17.4% cheaper than Parnell. With a cost index of 58 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Gilmore City to Parnell should plan for substantially higher expenses across most categories.

On the housing front, median rent in Gilmore City is $654/month compared to $950/month in Parnell — a 31% difference. Home values follow the same pattern: Gilmore City is more affordable at $82,700 median vs $118,800.

Median household income in Gilmore City is $51,250 compared to $56,667 in Parnell (-9.6%). The higher salaries in Parnell partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Gilmore City spend roughly 15.3% of their income on rent, less than the 20.1% in Parnell.