Montezuma, IA vs New Hampton, IA

Montezuma, IA and New Hampton, IA have a very similar cost of living, with only a 0.1% difference in their overall index. Montezuma scores 70 while New Hampton 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 Montezuma is $843/month compared to $838/month in New Hampton — a 1% difference. Interestingly, home values tell a different story: while New Hampton has cheaper rent, Montezuma actually has lower median home values ($157,800 vs $159,200).

Median household income in Montezuma is $63,375 compared to $61,491 in New Hampton (+3.1%). While Montezuma is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Montezuma spend roughly 16% of their income on rent, less than the 16.4% in New Hampton.

Climate-wise, both cities share similar average temperatures (50.7°F vs 49°F). Montezuma receives more rainfall at 37" per year compared to 36.3" in New Hampton.