Gilmore City, IA vs Walcott, IA

There is a significant gap in the cost of living between these two cities. Gilmore City is 15.2% cheaper than Walcott. With a cost index of 58 vs 69, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Gilmore City to Walcott should plan for substantially higher expenses across most categories.

On the housing front, median rent in Gilmore City is $654/month compared to $778/month in Walcott — a 16% difference. Home values follow the same pattern: Gilmore City is more affordable at $82,700 median vs $171,800.

Median household income in Gilmore City is $51,250 compared to $82,756 in Walcott (-38.1%). While Walcott is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gilmore City spend roughly 15.3% of their income on rent, more than the 11.3% in Walcott.