Hanlontown, IA vs Melbourne, IA

Hanlontown, IA and Melbourne, IA have a very similar cost of living, with only a 3.3% difference in their overall index. Hanlontown scores 64 while Melbourne scores 66 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 Hanlontown is $781/month compared to $722/month in Melbourne — a 8% difference. Interestingly, home values tell a different story: while Melbourne has cheaper rent, Hanlontown actually has lower median home values ($107,100 vs $147,400).

Median household income in Hanlontown is $70,729 compared to $82,857 in Melbourne (-14.6%). While Melbourne is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hanlontown spend roughly 13.3% of their income on rent, more than the 10.5% in Melbourne.

Climate-wise, both cities share similar average temperatures (45.6°F vs 47.7°F). Hanlontown receives more rainfall at 36.3" per year compared to 32.8" in Melbourne.