Inflation in Rural Areas Much Higher Than in Cities

Left: The skyline of downtown Manhattan in New York City on Jan. 12, 2007. Right: Corn and soybeans grow on a farm near Tipton, Iowa, on July 13, 2018. Spencer Platt/Scott Olson/Getty Images

High inflation is hurting rural households disproportionately compared to urban dwellers, according to a survey.

According to Iowa State University (ISU) researcher Dave Peters, the disposable income for rural residents has fallen 38 percent since 2021, dropping from nearly $10,000 a year to just $6,000.