Ringsted, IA vs Winthrop, IA
There is a significant gap in the cost of living between these two cities. Ringsted is 24.9% cheaper than Winthrop. With a cost index of 56 vs 74, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Ringsted to Winthrop should plan for substantially higher expenses across most categories.
On the housing front, median rent in Ringsted is $675/month compared to $1,000/month in Winthrop — a 33% difference. Home values follow the same pattern: Ringsted is more affordable at $43,900 median vs $149,200.
Median household income in Ringsted is $63,250 compared to $64,904 in Winthrop (-2.5%). Winthrop does offer higher incomes, but the salary premium barely offsets the higher cost of living, leaving residents with a tighter budget. Looking at affordability, residents of Ringsted spend roughly 12.8% of their income on rent, less than the 18.5% in Winthrop.
Climate-wise, Winthrop is notably warmer with an average of 49°F compared to 44.6°F in Ringsted. Winthrop receives more rainfall at 36.3" per year compared to 29.3" in Ringsted.
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Housing
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Climate
NOAA 30-year normals (1991-2020)