Stanhope, IA vs Wellman, IA

Stanhope is moderately more affordable than Wellman, with a 14.7% lower cost of living index. Stanhope scores 58 compared to 68 for Wellman, where the US average is 100. This difference means residents of Wellman can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Stanhope is $564/month compared to $765/month in Wellman — a 26% difference. Home values follow the same pattern: Stanhope is more affordable at $106,400 median vs $149,000.

Median household income in Stanhope is $64,479 compared to $56,696 in Wellman (+13.7%). Stanhope offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Stanhope spend roughly 10.5% of their income on rent, less than the 16.2% in Wellman.

Climate-wise, both cities share similar average temperatures (48.6°F vs 51°F). Stanhope receives more rainfall at 35.9" per year compared to 35.7" in Wellman.