Iona, FL vs Valparaiso, FL

There is a significant gap in the cost of living between these two cities. Valparaiso is 17% cheaper than Iona. With a cost index of 101 vs 118, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Valparaiso to Iona should plan for substantially higher expenses across most categories.

On the housing front, median rent in Iona is $1,908/month compared to $1,254/month in Valparaiso — a 52% difference. Interestingly, home values tell a different story: while Valparaiso has cheaper rent, Iona actually has lower median home values ($295,700 vs $348,600).

Median household income in Iona is $66,143 compared to $81,938 in Valparaiso (-19.3%). Valparaiso offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Iona spend roughly 34.6% of their income on rent, more than the 18.4% in Valparaiso. The Valparaiso ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, Iona is notably warmer with an average of 75.4°F compared to 69.8°F in Valparaiso. Iona receives more rainfall at 57.4" per year compared to 55.4" in Valparaiso.