New Market, IA vs Welton, IA

New Market, IA and Welton, IA have a very similar cost of living, with only a 3.9% difference in their overall index. New Market scores 64 while Welton 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 Market is $827/month compared to $843/month in Welton — a 2% difference. Home values follow the same pattern: New Market is more affordable at $92,000 median vs $117,900.

Median household income in New Market is $58,125 compared to $76,250 in Welton (-23.8%). While Welton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of New Market spend roughly 17.1% of their income on rent, more than the 13.3% in Welton.

Climate-wise, both cities share similar average temperatures (51.6°F vs 49.9°F). New Market receives more rainfall at 37.4" per year compared to 36.2" in Welton.