Madrid, IA vs Underwood, IA

Madrid, IA and Underwood, IA have a very similar cost of living, with only a 3.6% difference in their overall index. Madrid scores 79 while Underwood scores 76 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 Madrid is $1,034/month compared to $819/month in Underwood — a 26% difference. Interestingly, home values tell a different story: while Underwood has cheaper rent, Madrid actually has lower median home values ($185,100 vs $227,400).

Median household income in Madrid is $86,915 compared to $90,556 in Underwood (-4%). Underwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Madrid spend roughly 14.3% of their income on rent, more than the 10.9% in Underwood.

Climate-wise, Underwood is notably warmer with an average of 52.4°F compared to 48.6°F in Madrid. Madrid receives more rainfall at 35.9" per year compared to 31.9" in Underwood.