Letts, IA vs Wayland, IA

Wayland is moderately more affordable than Letts, with a 9% lower cost of living index. Letts scores 69 compared to 63 for Wayland, where the US average is 100. This difference means residents of Letts 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 $693/month in Wayland — a 36% difference. Interestingly, home values tell a different story: while Wayland has cheaper rent, Letts actually has lower median home values ($103,700 vs $122,200).

Median household income in Letts is $75,625 compared to $67,000 in Wayland (+12.9%). While Letts is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Letts spend roughly 14.9% of their income on rent, more than the 12.4% in Wayland.

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