Fairmont, Minnesota vs. Spencer, Iowa

Cost of Living Comparison

The cost of living in Spencer, Iowa is 6.7% more expensive than Fairmont, Minnesota.

You would need a salary of $53,352 in Spencer, Iowa to maintain the standard of living you have in Fairmont, Minnesota.
Comparison highlights
• Overall, Spencer, Iowa is more expensive than Fairmont, Minnesota
• Median Home Cost is the biggest factor in the cost of living difference.
Median Home Cost
10% more expensive in Spencer
than in Fairmont, Minnesota
Fairmont, MN vs. Spencer, IA
Compared to Fairmont, Spencer is:
  Homeowner
      No Child Care, Taxes not Considered
  6.7% higher
      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Renter
      No Child Care, Taxes not Considered
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      Child Care, Taxes not Considered
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      Child Care, Taxes Considered
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      No Child Care, Taxes Considered
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  Food
  0.2% lower
  Housing (Homeowner)
  22.9% higher
  Housing (Rent)
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  Median Home Cost
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  Utilities
  7.6% higher
  Commute
  3.8% higher
  Health
  32.2% higher
  Taxes
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  Childcare
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  Personal
  1.4% lower
Cost of Food
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