Iola, KS vs Minneapolis, KS

Iola, KS and Minneapolis, KS have a very similar cost of living, with only a 2.6% difference in their overall index. Iola scores 58 while Minneapolis scores 60 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 Iola is $689/month compared to $592/month in Minneapolis — a 16% difference. Interestingly, home values tell a different story: while Minneapolis has cheaper rent, Iola actually has lower median home values ($78,100 vs $133,100).

Median household income in Iola is $50,417 compared to $65,694 in Minneapolis (-23.3%). While Minneapolis is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iola spend roughly 16.4% of their income on rent, more than the 10.8% in Minneapolis.

Climate-wise, both cities share similar average temperatures (58°F vs 55.8°F). Iola receives more rainfall at 40.7" per year compared to 29.7" in Minneapolis.