Ankeny cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index9388100
Goods & Services index9293100
Groceries index9395100
Health care index9796100
Housing index9673100
Transportation index9197100
Utilities index9299100
The above illustration supplies generalized information for the Ankeny, IA cost of living index. Compared to other cities in Iowa and cities across the country, the cost of living index in Ankeny, IA is 93, which is 5% higher than the Iowa average and 7% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Ankeny, IA are 1% lower than the average for Iowa and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Ankeny is 5% higher than the Iowa average.
  • The cost of living in Ankeny is 7% lower than the national average.
  • The cost of housing in Ankeny is 4% lower than the national average.
  • Iowa general sales tax is 18% higher than the national average.
  • Iowa state income tax is 84% lower than the national average.

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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Ankeny, IA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Ankeny, IA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Ankeny, IA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Ankeny, IA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Ankeny, IA homeowners have a median income of $88,928. Using that number, you will come up with a maximum of $2,075 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $43,535, which means there is a maximum of $1,016 to be spent on the costs of renting a home or apartment.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
When you are determining the total cost of living in Ankeny, IA you will want to make sure you consider both the Iowa sales tax and the Iowa income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Iowa is 6%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Iowa have a range from 0.36% to 8.98%.

Goods & Services

ItemAnkenyNational avg.Difference
Haircut $13.67$14.596.3%
Beauty Salon $27.07$34.6821.9%
Toothpaste $2.07$2.4716.3%
Shampoo $1.00$1.022.2%
Movie $8.93$9.879.5%
Bowling $4.30$4.392.1%


ItemAnkenyNational avg.Difference
Ground Beef $4.03$4.4810.0%
Fried Chicken $1.77$1.4620.9%
Milk $2.26$2.364.1%
Potatoes $2.42$3.0621.0%
Pizza $8.49$9.248.1%
Beer $8.37$8.633.0%

Health Care

ItemAnkenyNational avg.Difference
Optometrist $96.40$99.783.4%
Doctor $122.60$105.0316.7%
Dentist $78.13$88.7011.9%
Ibuprofen $8.89$9.415.5%
Lipitor $262.74$298.5012.0%


ItemAnkenyNational avg.Difference
Home Price $172,700.00$175,700.001.7%
Avg. Mortgage Payment $956.15$1,081.0311.6%
Apartment Rent $822.00$920.0010.7%


ItemAnkenyNational avg.Difference
Gasoline $1.83$2.0912.5%
Tire Balancing $44.80$45.291.1%


ItemAnkenyNational avg.Difference
All Electricity$143.19$170.8016.2%
Phone $29.30$28.263.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Valeria, IA6578-22%
Maxwell, IA99782-18%
Cambridge, IA84282-18%
Mitchellville, IA2,39685-15%
Madrid, IA2,54883-17%
Ankeny, IA49,48893-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Monroe, LA49,45587-13%
Aliso Viejo, CA49,43715151%
Lenexa, KS49,5731033%
Wilson, NC49,38993-7%
Cerritos, CA49,59916767%
Ankeny, IA49,48893-7%
Source: The Ankeny, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.