Hancock, IA vs Nemaha, IA

Hancock, IA and Nemaha, IA have a very similar cost of living, with only a 0.5% difference in their overall index. Hancock scores 65 while Nemaha scores 65 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 $913/month in Nemaha — a 13% difference. Interestingly, home values tell a different story: while Hancock has cheaper rent, Nemaha actually has lower median home values ($65,000 vs $98,300).

Median household income in Hancock is $79,375 compared to $55,000 in Nemaha (+44.3%). Hancock offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hancock spend roughly 12% of their income on rent, less than the 19.9% in Nemaha.

Climate-wise, Hancock is notably warmer with an average of 52.4°F compared to 46.8°F in Nemaha. Hancock receives more rainfall at 31.9" per year compared to 26.8" in Nemaha.