Iberia, MO vs Lincoln, MO

Iberia is moderately more affordable than Lincoln, with a 12.1% lower cost of living index. Iberia scores 58 compared to 66 for Lincoln, where the US average is 100. This difference means residents of Lincoln can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Iberia is $592/month compared to $784/month in Lincoln — a 25% difference. Home values follow the same pattern: Iberia is more affordable at $96,900 median vs $123,000.

Median household income in Iberia is $57,083 compared to $60,272 in Lincoln (-5.3%). Lincoln does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Iberia spend roughly 12.4% of their income on rent, less than the 15.6% in Lincoln.