Houghton, IA vs Mystic, IA
There is a significant gap in the cost of living between these two cities. Mystic is 27.4% cheaper than Houghton. With a cost index of 55 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mystic to Houghton should plan for substantially higher expenses across most categories.
On the housing front, median rent in Houghton is $700/month compared to $621/month in Mystic — a 13% difference. Home values follow the same pattern: Mystic is more affordable at $56,900 median vs $212,500.
Median household income in Houghton is $104,375 compared to $42,222 in Mystic (+147.2%). While Houghton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Houghton spend roughly 8% of their income on rent, less than the 17.6% in Mystic.
Climate-wise, both cities share similar average temperatures (51.9°F vs 50.7°F). Houghton receives more rainfall at 37.9" per year compared to 37" in Mystic.
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Housing
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Climate
NOAA 30-year normals (1991-2020)