New Market, IA vs Wayland, IA

New Market, IA and Wayland, IA have a very similar cost of living, with only a 2% difference in their overall index. New Market scores 64 while Wayland scores 63 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 Market is $827/month compared to $693/month in Wayland — a 19% difference. Interestingly, home values tell a different story: while Wayland has cheaper rent, New Market actually has lower median home values ($92,000 vs $122,200).

Median household income in New Market is $58,125 compared to $67,000 in Wayland (-13.2%). Wayland 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 12.4% in Wayland.

Climate-wise, both cities share similar average temperatures (51.6°F vs 51°F). New Market receives more rainfall at 37.4" per year compared to 35.7" in Wayland.