Hancock, IA vs McGregor, IA

Hancock, IA and McGregor, IA have a very similar cost of living, with only a 3.7% difference in their overall index. Hancock scores 65 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 Hancock is $794/month compared to $618/month in McGregor — a 29% difference. Interestingly, home values tell a different story: while McGregor has cheaper rent, Hancock actually has lower median home values ($98,300 vs $141,900).

Median household income in Hancock is $79,375 compared to $58,750 in McGregor (+35.1%). While Hancock is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hancock spend roughly 12% of their income on rent, less than the 12.6% in McGregor.

Climate-wise, Hancock is notably warmer with an average of 52.4°F compared to 48.1°F in McGregor. McGregor receives more rainfall at 33.9" per year compared to 31.9" in Hancock.