Hancock, IA vs Montrose, IA

Montrose is moderately more affordable than Hancock, with a 9% lower cost of living index. Hancock scores 65 compared to 59 for Montrose, where the US average is 100. This difference means residents of Hancock can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hancock is $794/month compared to $654/month in Montrose — a 21% difference. Home values follow the same pattern: Montrose is more affordable at $92,100 median vs $98,300.

Median household income in Hancock is $79,375 compared to $73,333 in Montrose (+8.2%). The higher salaries in Hancock partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Hancock spend roughly 12% of their income on rent, more than the 10.7% in Montrose.

Climate-wise, both cities share similar average temperatures (52.4°F vs 51.9°F). Montrose receives more rainfall at 37.9" per year compared to 31.9" in Hancock.