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Hopkinton, IA vs Prairie City, IA

56
Hopkinton
Iowa
VS
-21.7%
71
Prairie City
Iowa

There is a significant gap in the cost of living between these two cities. Hopkinton is 21.7% cheaper than Prairie City. With a cost index of 56 vs 71, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Hopkinton to Prairie City should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hopkinton is $505/month compared to $796/month in Prairie City — a 37% difference. Home values follow the same pattern: Hopkinton is more affordable at $108,900 median vs $177,400.

Median household income in Hopkinton is $80,536 compared to $78,269 in Prairie City (+2.9%). Hopkinton offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Hopkinton spend roughly 7.5% of their income on rent, less than the 12.2% in Prairie City.

Climate-wise, both cities share similar average temperatures (47.2°F vs 49.5°F). Hopkinton receives more rainfall at 38.2" per year compared to 36.6" in Prairie City.

Income & Cost

Cost of Living Index
Hopkinton
56
22% cheaper
Prairie City
71
Median Household Income
Hopkinton
$80,536
3% higher
Prairie City
$78,269

Housing

Median Rent
Hopkinton
$505
37% cheaper
Prairie City
$796
Median Home Value
Hopkinton
$108,900
39% cheaper
Prairie City
$177,400
Population
Hopkinton
586
Prairie City
1,649

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Hopkinton $2.96
Prairie City $2.96
US $3.07
🥚
Eggs (grade A, large)
Hopkinton $2.42
Prairie City $2.42
US $2.50
🥛
Milk (whole)
Hopkinton $3.89
Prairie City $3.89
US $4.03
🍞
Bread (white)
Hopkinton $1.79
Prairie City $1.79
US $1.85
🍗
Chicken breast
Hopkinton $4.00
Prairie City $4.00
US $4.14
Electricity
Hopkinton $0.17
Prairie City $0.17
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Hopkinton 47.2°F
Prairie City 49.5°F
Summer High
Hopkinton 82°F
Prairie City 84°F
Winter Low
Hopkinton 11°F
Prairie City 13°F
Rainfall
Hopkinton 38.2"
Prairie City 36.6"
Rainy Days
Hopkinton 118d
Prairie City 115d