Grafton, IA vs McGregor, IA

Grafton, IA and McGregor, IA have a very similar cost of living, with only a 4.4% difference in their overall index. Grafton scores 59 while McGregor scores 62 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Grafton is $655/month compared to $618/month in McGregor — a 6% difference. Interestingly, home values tell a different story: while McGregor has cheaper rent, Grafton actually has lower median home values ($94,600 vs $141,900).

Median household income in Grafton is $52,188 compared to $58,750 in McGregor (-11.2%). While McGregor is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Grafton spend roughly 15.1% of their income on rent, more than the 12.6% in McGregor.