Larchwood, IA vs Libertyville, IA

Larchwood, IA and Libertyville, IA have a very similar cost of living, with only a 1.8% difference in their overall index. Larchwood scores 73 while Libertyville scores 75 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 Larchwood is $854/month compared to $930/month in Libertyville — a 8% difference. Interestingly, home values tell a different story: while Larchwood has cheaper rent, Libertyville actually has lower median home values ($177,700 vs $189,700).

Median household income in Larchwood is $69,327 compared to $74,107 in Libertyville (-6.5%). While Libertyville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Larchwood spend roughly 14.8% of their income on rent, less than the 15.1% in Libertyville.

Climate-wise, Libertyville is notably warmer with an average of 50.7°F compared to 47.4°F in Larchwood. Libertyville receives more rainfall at 37" per year compared to 27.8" in Larchwood.