Iola, KS vs Phillipsburg, KS

Iola, KS and Phillipsburg, KS have a very similar cost of living, with only a 0.4% difference in their overall index. Iola scores 58 while Phillipsburg scores 59 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 $654/month in Phillipsburg — a 5% difference. Interestingly, home values tell a different story: while Phillipsburg has cheaper rent, Iola actually has lower median home values ($78,100 vs $93,900).

Median household income in Iola is $50,417 compared to $58,125 in Phillipsburg (-13.3%). While Phillipsburg 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 13.5% in Phillipsburg.