Mingo, IA vs Neola, IA

There is a significant gap in the cost of living between these two cities. Mingo is 16.9% cheaper than Neola. With a cost index of 63 vs 76, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Mingo to Neola should plan for substantially higher expenses across most categories.

On the housing front, median rent in Mingo is $691/month compared to $994/month in Neola — a 31% difference. Home values follow the same pattern: Mingo is more affordable at $120,300 median vs $166,400.

Median household income in Mingo is $61,806 compared to $68,859 in Neola (-10.2%). The higher salaries in Neola partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Mingo spend roughly 13.4% of their income on rent, less than the 17.3% in Neola.

Climate-wise, both cities share similar average temperatures (49.5°F vs 52.4°F). Mingo receives more rainfall at 36.6" per year compared to 31.9" in Neola.