Houghton, IA vs Renwick, IA

There is a significant gap in the cost of living between these two cities. Renwick is 18.3% cheaper than Houghton. With a cost index of 60 vs 70, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Renwick to Houghton should plan for substantially higher expenses across most categories.

On the housing front, median rent in Houghton is $700/month compared to $696/month in Renwick — a 1% difference. Home values follow the same pattern: Renwick is more affordable at $80,800 median vs $212,500.

Median household income in Houghton is $104,375 compared to $54,375 in Renwick (+92%). 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 15.4% in Renwick.

Climate-wise, Houghton is notably warmer with an average of 51.9°F compared to 45.6°F in Renwick. Houghton receives more rainfall at 37.9" per year compared to 36.3" in Renwick.