Milford, IA vs Montezuma, IA

Milford, IA and Montezuma, IA have a very similar cost of living, with only a 4.6% difference in their overall index. Milford scores 74 while Montezuma scores 70 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 Milford is $806/month compared to $843/month in Montezuma — a 4% difference. Interestingly, home values tell a different story: while Milford has cheaper rent, Montezuma actually has lower median home values ($157,800 vs $211,000).

Median household income in Milford is $60,571 compared to $63,375 in Montezuma (-4.4%). Montezuma offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Milford spend roughly 16% of their income on rent, less than the 16% in Montezuma.

Climate-wise, Montezuma is notably warmer with an average of 50.7°F compared to 46.8°F in Milford. Montezuma receives more rainfall at 37" per year compared to 26.8" in Milford.