New Hampton, IA vs Perry, IA

New Hampton, IA and Perry, IA have a very similar cost of living, with only a 1.8% difference in their overall index. New Hampton scores 70 while Perry scores 69 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 New Hampton is $838/month compared to $877/month in Perry — a 4% difference. Interestingly, home values tell a different story: while New Hampton has cheaper rent, Perry actually has lower median home values ($122,100 vs $159,200).

Median household income in New Hampton is $61,491 compared to $63,983 in Perry (-3.9%). Perry offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of New Hampton spend roughly 16.4% of their income on rent, less than the 16.4% in Perry.

Climate-wise, both cities share similar average temperatures (49°F vs 48.6°F). New Hampton receives more rainfall at 36.3" per year compared to 35.9" in Perry.