Atlantic 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.
IndexAtlanticIowaNational
Cost of living index8388100
IndexAtlanticIowaNational
Goods & Services index9593100
Groceries index9595100
Health care index10296100
Housing index5373100
Transportation index9697100
Utilities index9199100
Here we can see a simple outline of the cost of living in Atlantic, IA. As you can see, with the average cost of living in Atlantic, IA being 83, that puts it 7% lower than the average of Iowa and 17% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Atlantic, IA, the price of goods and services are 2% higher than the average of Iowa as well as 5% lower than the nation's average.

Did you know?

  • The cost of living in Atlantic is 7% lower than the Iowa average.
  • The cost of living in Atlantic is 17% lower than the national average.
  • The cost of housing in Atlantic is 47% 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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Compare Atlantic, IA Cost of living To Other Cities

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 used in order to provide a comparison of your current salary in Atlantic, IA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Atlantic, IA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Atlantic, IA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,591$4,133$1,157$1,488
Renters$25,343$2,112$591$760
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Atlantic, IA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Atlantic, IA homeowners, is $49,591. This would allow for a maximum of $1,157 per month to be spent on housing costs. For renters, the median monthly income is $25,343 which would result in a maximum of $591 to be spent on rental costs.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%
When assessing the complete cost of living in Atlantic, IA, the Iowa income tax and the Iowa sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Iowa maximum surtax is 7%, and the Iowa sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.36% to 8.98% in Iowa.

Goods & Services

ItemAtlanticNational avg.Difference
Haircut $15.83$14.598.5%
Beauty Salon $28.50$34.6817.8%
Toothpaste $2.36$2.474.6%
Shampoo $0.90$1.0211.9%
Movie $9.79$9.870.8%
Bowling $3.61$4.3917.8%

Groceries

ItemAtlanticNational avg.Difference
Ground Beef $4.53$4.481.2%
Fried Chicken $1.47$1.460.4%
Milk $2.33$2.361.1%
Potatoes $2.80$3.068.5%
Pizza $8.99$9.242.7%
Beer $7.90$8.638.5%

Health Care

ItemAtlanticNational avg.Difference
Optometrist $102.40$99.782.6%
Doctor $136.00$105.0329.5%
Dentist $73.25$88.7017.4%
Ibuprofen $9.30$9.411.2%
Lipitor $306.52$298.502.7%

Housing

ItemAtlanticNational avg.Difference
Home Price $89,200.00$175,700.0049.2%
Avg. Mortgage Payment $887.51$1,081.0317.9%
Apartment Rent $550.00$920.0040.2%

Transportation

ItemAtlanticNational avg.Difference
Gasoline $1.92$2.098.0%
Tire Balancing $47.97$45.295.9%

Utilities

ItemAtlanticNational avg.Difference
All Electricity$157.32$170.807.9%
Phone $24.99$28.2611.6%
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.
Cumberland, IA37177-23%
Exira, IA82877-23%
Brayton, IA13277-23%
Wiota, IA8878-22%
Massena, IA36780-20%
Atlantic, IA6,98383-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pelham, NY6,98419090%
Green Cove Springs, FL6,98497-3%
Sturtevant, WI6,98197-3%
Galax, VA6,98187-13%
Valley Park, MO6,98099-1%
Atlantic, IA6,98383-17%
Source: The Atlantic, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.