Goldfield, IA vs Westgate, IA

There is a significant gap in the cost of living between these two cities. Goldfield is 18.1% cheaper than Westgate. With a cost index of 55 vs 67, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Goldfield to Westgate should plan for substantially higher expenses across most categories.

On the housing front, median rent in Goldfield is $535/month compared to $925/month in Westgate — a 42% difference. Home values follow the same pattern: Goldfield is more affordable at $87,800 median vs $92,500.

Median household income in Goldfield is $54,500 compared to $52,188 in Westgate (+4.4%). Goldfield offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Goldfield spend roughly 11.8% of their income on rent, less than the 21.3% in Westgate.