Lone Rock, IA vs Mingo, IA

Mingo is moderately more affordable than Lone Rock, with a 7.3% lower cost of living index. Lone Rock scores 68 compared to 63 for Mingo, where the US average is 100. This difference means residents of Lone Rock can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lone Rock is $1,025/month compared to $691/month in Mingo — a 48% difference. Interestingly, home values tell a different story: while Mingo has cheaper rent, Lone Rock actually has lower median home values ($61,300 vs $120,300).

Median household income in Lone Rock is $56,250 compared to $61,806 in Mingo (-9%). Mingo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Lone Rock spend roughly 21.9% of their income on rent, more than the 13.4% in Mingo.

Climate-wise, Mingo is notably warmer with an average of 49.5°F compared to 44.6°F in Lone Rock. Mingo receives more rainfall at 36.6" per year compared to 29.3" in Lone Rock.