Hopkinton, IA vs New Providence, IA

Hopkinton, IA and New Providence, IA have a very similar cost of living, with only a 1.2% difference in their overall index. Hopkinton scores 56 while New Providence scores 56 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 Hopkinton is $505/month compared to $589/month in New Providence — a 14% difference. Interestingly, home values tell a different story: while Hopkinton has cheaper rent, New Providence actually has lower median home values ($80,000 vs $108,900).

Median household income in Hopkinton is $80,536 compared to $83,250 in New Providence (-3.3%). While New Providence is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hopkinton spend roughly 7.5% of their income on rent, less than the 8.5% in New Providence.

Climate-wise, both cities share similar average temperatures (47.2°F vs 47.7°F). Hopkinton receives more rainfall at 38.2" per year compared to 32.8" in New Providence.