New Hampton, IA vs Tripoli, IA

New Hampton, IA and Tripoli, IA have a very similar cost of living, with only a 4.5% difference in their overall index. New Hampton scores 70 while Tripoli scores 67 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 $888/month in Tripoli — a 6% difference. Interestingly, home values tell a different story: while New Hampton has cheaper rent, Tripoli actually has lower median home values ($116,200 vs $159,200).

Median household income in New Hampton is $61,491 compared to $75,988 in Tripoli (-19.1%). Tripoli 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, more than the 14% in Tripoli.

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