New Sharon, IA vs Ryan, IA
There is a significant gap in the cost of living between these two cities. New Sharon is 17.5% cheaper than Ryan. With a cost index of 59 vs 72, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from New Sharon to Ryan should plan for substantially higher expenses across most categories.
On the housing front, median rent in New Sharon is $564/month compared to $914/month in Ryan — a 38% difference. Home values follow the same pattern: New Sharon is more affordable at $125,000 median vs $148,100.
Median household income in New Sharon is $60,000 compared to $77,500 in Ryan (-22.6%). While Ryan 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 Sharon spend roughly 11.3% of their income on rent, less than the 14.2% in Ryan.
Climate-wise, both cities share similar average temperatures (50.7°F vs 48.3°F). New Sharon receives more rainfall at 37" per year compared to 35.9" in Ryan.
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Housing
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Climate
NOAA 30-year normals (1991-2020)