Granville, IA vs Houghton, IA

Houghton is moderately more affordable than Granville, with a 10.2% lower cost of living index. Granville scores 78 compared to 70 for Houghton, where the US average is 100. This difference means residents of Granville can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Granville is $1,089/month compared to $700/month in Houghton — a 56% difference. Interestingly, home values tell a different story: while Houghton has cheaper rent, Granville actually has lower median home values ($156,300 vs $212,500).

Median household income in Granville is $68,958 compared to $104,375 in Houghton (-33.9%). Houghton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Granville spend roughly 19% of their income on rent, more than the 8% in Houghton.