Goldfield, IA vs Parkersburg, IA

There is a significant gap in the cost of living between these two cities. Goldfield is 19.1% cheaper than Parkersburg. With a cost index of 55 vs 68, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Goldfield to Parkersburg should plan for substantially higher expenses across most categories.

On the housing front, median rent in Goldfield is $535/month compared to $695/month in Parkersburg — a 23% difference. Home values follow the same pattern: Goldfield is more affordable at $87,800 median vs $200,000.

Median household income in Goldfield is $54,500 compared to $73,482 in Parkersburg (-25.8%). While Parkersburg is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Goldfield spend roughly 11.8% of their income on rent, more than the 11.3% in Parkersburg.