Magnolia, IA vs Scranton, IA
There is a significant gap in the cost of living between these two cities. Scranton is 28.6% cheaper than Magnolia. With a cost index of 63 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Scranton to Magnolia should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Magnolia are $110,000 compared to $58,600 in Scranton, a 88% gap.
Median household income in Magnolia is $72,500 compared to $60,000 in Scranton (+20.8%). The higher salaries in Magnolia partially offset the cost difference, but don't fully close the gap.
Climate-wise, both cities share similar average temperatures (50.1°F vs 48.6°F). Scranton receives more rainfall at 35.9" per year compared to 28.3" in Magnolia.
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Climate
NOAA 30-year normals (1991-2020)