Iona, FL vs Oviedo, FL

Iona is moderately more affordable than Oviedo, with a 9.2% lower cost of living index. Iona scores 118 compared to 130 for Oviedo, where the US average is 100. This difference means residents of Oviedo can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Iona is $1,908/month compared to $1,963/month in Oviedo — a 3% difference. Home values follow the same pattern: Iona is more affordable at $295,700 median vs $428,500.

Median household income in Iona is $66,143 compared to $114,092 in Oviedo (-42%). While Oviedo is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iona spend roughly 34.6% of their income on rent, more than the 20.6% in Oviedo. The Oviedo ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (75.4°F vs 73.2°F). Iona receives more rainfall at 57.4" per year compared to 49.6" in Oviedo.