Latimer, IA vs Toledo, IA

Latimer, IA and Toledo, IA have a very similar cost of living, with only a 0% difference in their overall index. Latimer scores 71 while Toledo scores 71 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 Latimer is $1,020/month compared to $958/month in Toledo — a 7% difference. Interestingly, home values tell a different story: while Toledo has cheaper rent, Latimer actually has lower median home values ($101,500 vs $124,000).

Median household income in Latimer is $71,250 compared to $56,719 in Toledo (+25.6%). While Latimer is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Latimer spend roughly 17.2% of their income on rent, less than the 20.3% in Toledo.

Climate-wise, both cities share similar average temperatures (45.6°F vs 47.7°F). Latimer receives more rainfall at 36.3" per year compared to 32.8" in Toledo.