Gladbrook, IA vs Madrid, IA

There is a significant gap in the cost of living between these two cities. Gladbrook is 16.1% cheaper than Madrid. With a cost index of 66 vs 79, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Gladbrook to Madrid should plan for substantially higher expenses across most categories.

On the housing front, median rent in Gladbrook is $807/month compared to $1,034/month in Madrid — a 22% difference. Home values follow the same pattern: Gladbrook is more affordable at $117,200 median vs $185,100.

Median household income in Gladbrook is $63,125 compared to $86,915 in Madrid (-27.4%). While Madrid is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Gladbrook spend roughly 15.3% of their income on rent, more than the 14.3% in Madrid.