Charles City 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.
IndexCharles CityIowaNational
Cost of living index8088100
IndexCharles CityIowaNational
Goods & Services index9493100
Groceries index9395100
Health care index9196100
Housing index5073100
Transportation index9097100
Utilities index9399100
A general summary of the cost of living index in Charles City, IA is shown above. Compared to the state average of Iowa the cost of living index in Charles City, IA is 80, which is 10% lower than the average in Iowa and compared to the national average it is 20% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Charles City, IA goods and services come in at equal to the average in Iowa and are 7% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Charles City is 10% lower than the Iowa average.
  • The cost of living in Charles City is 20% lower than the national average.
  • The cost of housing in Charles City is 50% 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

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Goods & Services index
Groceries index
Health care index
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Transportation index
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The salary calculator is used in order to provide a comparison of your current salary in Charles City, 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 Charles City, IA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Charles City, 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$46,406$3,867$1,083$1,392
Renters$19,552$1,629$456$587
One can approximate the cost of living and the housing affordability in Charles City, IA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Charles City, IA have a median income of $46,406. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,083 per month to avoid calamity and poverty. The renters in the city have an income of about $19,552, which would make their monthly maximum allowable rental costs $456.

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 Charles City, 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

ItemCharles CityNational avg.Difference
Haircut $17.32$14.5918.7%
Beauty Salon $19.78$34.6843.0%
Toothpaste $1.74$2.4729.6%
Shampoo $0.95$1.027.0%
Movie $8.25$9.8716.4%
Bowling $2.75$4.3937.4%

Groceries

ItemCharles CityNational avg.Difference
Ground Beef $5.37$4.4820.0%
Fried Chicken $1.84$1.4625.7%
Milk $2.20$2.366.6%
Potatoes $2.64$3.0613.8%
Pizza $7.99$9.2413.6%
Beer $7.76$8.6310.1%

Health Care

ItemCharles CityNational avg.Difference
Optometrist $84.67$99.7815.1%
Doctor $105.00$105.030.0%
Dentist $78.25$88.7011.8%
Ibuprofen $7.99$9.4115.1%
Lipitor $259.66$298.5013.0%

Housing

ItemCharles CityNational avg.Difference
Home Price $81,000.00$175,700.0053.9%
Avg. Mortgage Payment $786.08$1,081.0327.3%
Apartment Rent $533.00$920.0042.1%

Transportation

ItemCharles CityNational avg.Difference
Gasoline $1.91$2.098.8%
Tire Balancing $39.33$45.2913.2%

Utilities

ItemCharles CityNational avg.Difference
All Electricity$184.38$170.808.0%
Phone $20.10$28.2628.9%
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.
Roseville, IA093-7%
Bassett, IA8271-29%
Alta Vista, IA29374-26%
Orchard, IA5976-24%
Marble Rock, IA29277-23%
Charles City, IA7,56280-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Brighton, MI7,56296-4%
Joshua Tree, CA7,56492-8%
Schriever, LA7,56487-13%
Ojai, CA7,55816060%
Hillcrest, NY7,56613939%
Charles City, IA7,56280-20%
Source: The Charles City, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.