Knoxville, IA vs Madrid, IA

Knoxville is moderately more affordable than Madrid, with a 12.8% lower cost of living index. Knoxville scores 68 compared to 79 for Madrid, where the US average is 100. This difference means residents of Madrid can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Knoxville is $810/month compared to $1,034/month in Madrid — a 22% difference. Home values follow the same pattern: Knoxville is more affordable at $147,600 median vs $185,100.

Median household income in Knoxville is $70,136 compared to $86,915 in Madrid (-19.3%). While Madrid is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Knoxville spend roughly 13.9% of their income on rent, less than the 14.3% in Madrid.

Climate-wise, both cities share similar average temperatures (49.5°F vs 48.6°F). Knoxville receives more rainfall at 36.6" per year compared to 35.9" in Madrid.