In Iowa, Johnson County, home to the city of Iowa City, has the highest overall cost of living for a family of four at $87,836 per year, well above the statewide average of $75,798 per year.
What is the average cost of living raise in Iowa?
The median wage in Iowa grew from $17.84 in May 2018 (the figure used in the previous Cost of Living Report) to $19.19 in May 2020, an increase of 7.5 percent (see Figure 3 for self-sufficiency wages relative to the Iowa median and minimum wages).
What is the cost of living increase for 2022 in Iowa?
Did the Cost of Living in Des Moines, IA increase in 2022? Des Moines, IA area prices were up 0.8% from a year ago. The largest increases were found in Transportation, Food, and Housing.
Cost of Living Des Moines, IA by Expense Category.
| Category | Compared to national average |
|---|---|
| Housing | 11.3% |
| Transportation | -17.0% |
Is Iowa an expensive state to live in?
Iowa is neck and neck with Arkansas in terms of overall cost of living. Housing is a bit more expensive in Iowa, however, with the median home value at just under $130,000.
How much does it cost to live in an apartment in Iowa?
An apartment in Iowa ranges from about $900 for a one-bedroom apartment to $1,295 for a four-bedroom apartment. The average rent across the state is about $960 per month. Remember, when renting an apartment, be sure to factor in other costs such as utilities, HOAs, and renter’s insurance.
What is a good hourly wage in Iowa?
Hourly Salary in Iowa
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $57,028 | $27 |
| 75th Percentile | $40,148 | $19 |
| Average | $37,936 | $18 |
| 25th Percentile | $25,092 | $12 |
What is low income Iowa?
For example, if you have a household size of 4, and the program eligibility is 200% of the Federal Poverty Level, then you may qualify for the program if your household income is under $55,500.
What is the cost of living in Iowa City IA?
Iowa City cost of living is 94.6
| COST OF LIVING | Iowa City | Iowa |
|---|---|---|
| Grocery | 99.7 | 94.4 |
| Health | 115.5 | 121.5 |
| Housing | 96.8 | 61.1 |
| Median Home Cost | $229,600 | $161,700 |
What is the inflation in Iowa?
July 2022
| Prices (BLS/Haver, AAA) | ||
|---|---|---|
| CPI-U Inflation | 6.8% | 6.2% |
| “Core” CPI Inflation | 4.9% | 4.6% |
| National Gas/gal. Updated 7/23/22 12:00 AM | $4.38 | $4.94 |
| Iowa Gas/gal. | $4.11 | $4.68 |
What is the cost of living in Des Moines Iowa?
Des Moines cost of living is 81.2
| COST OF LIVING | Des Moines | Iowa |
|---|---|---|
| Grocery | 96 | 94.4 |
| Health | 114.8 | 121.5 |
| Housing | 60.9 | 61.1 |
| Median Home Cost | $168,700 | $161,700 |
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Is housing cheap in Iowa?
In fact, U.S. News & World_Report rated Iowa fourth overall among U.S. states for affordability, taking into account the costs of daily living, housing prices, and family incomes. In housing affordability, Iowa ranked first.
What is the least expensive state to live in?
Mississippi
1. Mississippi. Coming in as the cheapest state to live in in the United States is Mississippi with a cost of living index score of 83.3. It also has the lowest average housing costs in the nation at 33.7% below the national average.
What is the average electric bill in Iowa?
Electricity bills in Iowa
In Iowa, the average monthly electricity bill for residential consumers is $145/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 1,102 kWh * 13 ¢/kWh.
Is Iowa the cheapest state to live?
Iowa is the eighth-cheapest state to live in the United States. Costs in Iowa are lower than the national average across all metrics.
What is the best small town in Iowa?
15 Best Small Towns to Visit in Iowa
- Pella, Iowa. Source: flickr. Pella, Iowa.
- The Amana Colonies. Source: wikipedia. The Amana Colonies.
- Bentonsport, Iowa. Source: flickr.
- Decorah, Iowa. Source: flickr.
- Orange City, Iowa. Source: flickr.
- Mount Vernon, Iowa. Source: flickr.
- McGregor, Iowa. Source: flickr.
- Elk Horn, Iowa. Source: flickr.
What is considered middle class in Iowa?
Here’s how Iowa fared: Median household income of middle class families: $75,953. Median household income change of middle class: -3.8% In-state tuition and fees: $8,270.
What is the most common job in Iowa?
Detailed List Of The Most Common Jobs In Des Moines, IA
| Rank | Job Title | Count |
|---|---|---|
| 1 | Customer Service Representative | 2,224 |
| 2 | Cashier | 1,701 |
| 3 | Internship | 1,000 |
| 4 | Sales Associate | 909 |
What is a good salary for a single person in Iowa?
In Des Moines and West Des Moines, a single person must make more than $24,659 before taxes annually to be considered middle class, according to the calculator. The same single-person household is upper class starting at $73,975 annually.
What is considered rich in Iowa?
Des Moines, Iowa comes in at number 28 out of 51 (Washington, D.C. was included as a state) with a household making at least $96,176 considered rich. For the rest of the states, click here…
What is poverty level for a single person in Iowa?
Living Wage Calculation for Iowa
| 1 ADULT | ||
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.18 | $41.66 |
| Poverty Wage | $6.19 | $10.56 |
| Minimum Wage | $7.25 | $7.25 |