New Market, IA vs New Sharon, IA

New Sharon is moderately more affordable than New Market, with a 8.9% lower cost of living index. New Market scores 64 compared to 59 for New Sharon, where the US average is 100. This difference means residents of New Market can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in New Market is $827/month compared to $564/month in New Sharon — a 47% difference. Interestingly, home values tell a different story: while New Sharon has cheaper rent, New Market actually has lower median home values ($92,000 vs $125,000).

Median household income in New Market is $58,125 compared to $60,000 in New Sharon (-3.1%). New Sharon 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 Market spend roughly 17.1% of their income on rent, more than the 11.3% in New Sharon.

Climate-wise, both cities share similar average temperatures (51.6°F vs 50.7°F). New Market receives more rainfall at 37.4" per year compared to 37" in New Sharon.