Iowa Falls, IA vs Norwalk, IA

There is a significant gap in the cost of living between these two cities. Iowa Falls is 16.8% cheaper than Norwalk. With a cost index of 68 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Iowa Falls to Norwalk should plan for substantially higher expenses across most categories.

On the housing front, median rent in Iowa Falls is $898/month compared to $869/month in Norwalk — a 3% difference. Interestingly, home values tell a different story: while Norwalk has cheaper rent, Iowa Falls actually has lower median home values ($106,300 vs $275,700).

Median household income in Iowa Falls is $53,051 compared to $94,583 in Norwalk (-43.9%). While Norwalk is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iowa Falls spend roughly 20.3% of their income on rent, more than the 11% in Norwalk.

Climate-wise, Norwalk is notably warmer with an average of 50.9°F compared to 47.7°F in Iowa Falls. Norwalk receives more rainfall at 36.6" per year compared to 32.8" in Iowa Falls.