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Letts, IA vs Neola, IA

69
Letts
Iowa
VS
-9.5%
76
Neola
Iowa

Letts is moderately more affordable than Neola, with a 9.5% lower cost of living index. Letts scores 69 compared to 76 for Neola, where the US average is 100. This difference means residents of Neola can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Letts is $942/month compared to $994/month in Neola — a 5% difference. Home values follow the same pattern: Letts is more affordable at $103,700 median vs $166,400.

Median household income in Letts is $75,625 compared to $68,859 in Neola (+9.8%). Letts offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Letts spend roughly 14.9% of their income on rent, less than the 17.3% in Neola.

Climate-wise, both cities share similar average temperatures (51°F vs 52.4°F). Letts receives more rainfall at 35.7" per year compared to 31.9" in Neola.

Income & Cost

Cost of Living Index
Letts
69
10% cheaper
Neola
76
Median Household Income
Letts
$75,625
9% higher
Neola
$68,859

Housing

Median Rent
Letts
$942
5% cheaper
Neola
$994
Median Home Value
Letts
$103,700
38% cheaper
Neola
$166,400
Population
Letts
382
Neola
1,098

Salary Equivalency Calculator

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Everyday Prices

BLS Average Prices by metro area

Gasoline (regular)
Letts
Neola $2.96
US $3.07
🥚
Eggs (grade A, large)
Letts
Neola $2.41
US $2.50
🥛
Milk (whole)
Letts
Neola $3.89
US $4.03
🍞
Bread (white)
Letts
Neola $1.79
US $1.85
🍗
Chicken breast
Letts
Neola $4.00
US $4.14
Electricity
Letts
Neola $0.15
US $0.19

Climate

NOAA 30-year normals (1991-2020)

Avg Temp
Letts 51°F
Neola 52.4°F
Summer High
Letts 86°F
Neola 88°F
Winter Low
Letts 15°F
Neola 15°F
Rainfall
Letts 35.7"
Neola 31.9"
Rainy Days
Letts 115d
Neola 103d