Davenport, IA Cost Of Living

Davenport 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.
Index	Davenport	Iowa	National
Cost of living index	92	89	100
Index	Davenport	Iowa	National
Goods & Services index	103	95	100
Groceries index	100	94	100
Health care index	103	97	100
Housing index	69	73	100
Transportation index	99	99	100
Utilities index	104	95	100

A general overview of the cost of living index for Davenport, IA is displayed above. In Davenport, IA, the overall cost of living index is 92, which is 4% higher than the Iowa average and 8% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Davenport, IA, the city's goods and services are 8% higher than the Iowa average and 3% higher than the U.S. average.

Did you know?

The cost of living in Davenport is 4% higher than the Iowa average.
The cost of living in Davenport is 8% lower than the national average.
The cost of housing in Davenport is 31% 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 Davenport, IA Cost of living To Other Cities

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Davenport, IA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Davenport, IA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Davenport, IA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$62,976	$5,248	$1,469	$1,889
Renters	$29,645	$2,470	$692	$889

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Davenport, 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 Davenport, IA homeowners have a median income of $62,976. Using that number, you will come up with a maximum of $1,469 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $29,645, which means there is a maximum of $692 to be spent on the costs of renting a home or apartment.

Iowa Sales Tax

State	General Sales Tax	With Max Surtax
Iowa	6%	7%

Iowa Income Tax

State	Income Tax (Low)	Income Tax (High)
Iowa	0.36%	8.98%

When you are determining the total cost of living in Davenport, 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

Item	Davenport	National avg.	Difference
Haircut	$17.89	$16.09	11.2%
Beauty Salon	$29.97	$37.33	19.7%
Toothpaste	$2.69	$2.45	10.0%
Shampoo	$0.85	$1.00	15.4%
Movie	$10.24	$10.28	0.4%
Bowling	$11.63	$4.93	135.7%

Groceries

Item	Davenport	National avg.	Difference
Ground Beef	$4.16	$3.80	9.3%
Fried Chicken	$1.40	$1.40	0.2%
Milk	$2.20	$2.01	9.4%
Potatoes	$3.30	$3.01	9.7%
Pizza	$10.72	$9.89	8.5%
Beer	$8.38	$8.90	5.8%

Health Care

Item	Davenport	National avg.	Difference
Optometrist	$91.07	$102.16	10.9%
Doctor	$126.67	$108.36	16.9%
Dentist	$82.83	$92.53	10.5%
Ibuprofen	$9.82	$9.28	5.8%
Lipitor	$462.51	$425.82	8.6%

Housing

Item	Davenport	National avg.	Difference
Home Price	$122,700.00	$184,700.00	33.6%
Avg. Mortgage Payment	$1,043.19	$1,202.44	13.2%
Apartment Rent	$715.00	$949.00	24.7%

Transportation

Item	Davenport	National avg.	Difference
Gasoline	$2.24	$2.24	0.3%
Tire Balancing	$44.55	$46.29	3.8%

Utilities

Item	Davenport	National avg.	Difference
All Electricity	$161.72	$165.96	2.6%
Phone	$31.98	$28.68	11.5%

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, State	Population	Cost of Living Index	National Avg.
Oak Grove, IL	562	80	-20%
Cleveland, IL	178	86	-14%
Stockton, IA	235	87	-13%
Milan, IL	5,097	88	-12%
Colona, IL	4,876	89	-11%
Davenport, IA	102,305	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lewisville, TX	102,327	99	-1%
San Mateo, CA	102,224	203	103%
Sandy Springs, GA	102,212	130	30%
Rialto, CA	102,418	116	16%
Clovis, CA	102,148	116	16%
Davenport, IA	102,305	92	-8%

Source: The Davenport, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Davenport, IA Cost of Living