New Hampton, IA vs Walnut, IA

Walnut is moderately more affordable than New Hampton, with a 6.5% lower cost of living index. New Hampton scores 70 compared to 66 for Walnut, where the US average is 100. This difference means residents of New Hampton can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Hampton is $838/month compared to $844/month in Walnut — a 1% difference. Interestingly, home values tell a different story: while New Hampton has cheaper rent, Walnut actually has lower median home values ($97,900 vs $159,200).

Median household income in New Hampton is $61,491 compared to $65,278 in Walnut (-5.8%). Walnut 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 15.5% in Walnut.

Climate-wise, Walnut is notably warmer with an average of 52.4°F compared to 49°F in New Hampton. New Hampton receives more rainfall at 36.3" per year compared to 31.9" in Walnut.