Lansing, IA vs New Market, IA

Lansing, IA and New Market, IA have a very similar cost of living, with only a 4.7% difference in their overall index. Lansing scores 61 while New Market scores 64 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 Lansing is $581/month compared to $827/month in New Market — a 30% difference. Interestingly, home values tell a different story: while Lansing has cheaper rent, New Market actually has lower median home values ($92,000 vs $145,800).

Median household income in Lansing is $49,537 compared to $58,125 in New Market (-14.8%). While New Market is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lansing spend roughly 14.1% of their income on rent, less than the 17.1% in New Market.

Climate-wise, New Market is notably warmer with an average of 51.6°F compared to 48.1°F in Lansing. New Market receives more rainfall at 37.4" per year compared to 33.9" in Lansing.