Holland, IA vs Woodward, IA
There is a significant gap in the cost of living between these two cities. Woodward is 19.1% cheaper than Holland. With a cost index of 61 vs 73, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Woodward to Holland should plan for substantially higher expenses across most categories.
On the housing front, median rent in Holland is $1,094/month compared to $484/month in Woodward — a 126% difference. Interestingly, home values tell a different story: while Woodward has cheaper rent, Holland actually has lower median home values ($111,700 vs $179,500).
Median household income in Holland is $71,979 compared to $68,571 in Woodward (+5%). Holland does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Holland spend roughly 18.2% of their income on rent, more than the 8.5% in Woodward.
Climate-wise, both cities share similar average temperatures (47.7°F vs 48.6°F). Woodward receives more rainfall at 35.9" per year compared to 32.8" in Holland.
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