Homestead, IA vs Scranton, IA

The cost of living difference between Homestead, IA and Scranton, IA is dramatic. Scranton is 31.6% cheaper than Homestead, a gap that translates to thousands of dollars per year in household expenses. Homestead has a cost index of 83 while Scranton sits at 63, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

When it comes to buying, median home values in Homestead are $140,500 compared to $58,600 in Scranton, a 140% gap.

Median household income in Homestead is $82,969 compared to $60,000 in Scranton (+38.3%). While Homestead is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.

Climate-wise, both cities share similar average temperatures (48.3°F vs 48.6°F). Scranton receives more rainfall at 35.9" per year compared to 35.9" in Homestead.