Decorah 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.
IndexDecorahIowaNational
Cost of living index9088100
IndexDecorahIowaNational
Goods & Services index9093100
Groceries index9795100
Health care index10096100
Housing index7873100
Transportation index12797100
Utilities index8099100
Displayed above is a general overview of the Decorah, IA cost of living index. The overall cost of living index in Decorah, IA is 90, which is 2% higher than the Iowa average and 10% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Decorah, IA are 3% lower than the Iowa average and 10% lower than the national average.

Did you know?

  • The cost of living in Decorah is 2% higher than the Iowa average.
  • The cost of living in Decorah is 10% lower than the national average.
  • The cost of housing in Decorah is 22% 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 Decorah, IA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Decorah, 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 Decorah, IA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Decorah, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$60,792$5,066$1,418$1,824
Renters$30,978$2,582$723$929
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Decorah, 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 Decorah, IA homeowners, is $60,792. This would allow for a maximum of $1,418 per month to be spent on housing costs. For renters, the median monthly income is $30,978 which would result in a maximum of $723 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%
For those who live in Decorah, IA and want to know what the true cost of living is, they ought to look at both the Iowa income tax rate and the Iowa sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Iowa, the sales tax is 6%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Iowa, the income tax rate ranges between 0.36% to 8.98%.

Goods & Services

ItemDecorahNational avg.Difference
Haircut $14.00$14.594.1%
Beauty Salon $22.00$34.6836.6%
Toothpaste $2.41$2.472.6%
Shampoo $1.20$1.0217.4%
Movie $9.50$9.873.7%
Bowling $3.50$4.3920.3%

Groceries

ItemDecorahNational avg.Difference
Ground Beef $4.34$4.483.1%
Fried Chicken $1.48$1.461.1%
Milk $2.42$2.362.7%
Potatoes $2.72$3.0611.2%
Pizza $8.00$9.2413.4%
Beer $9.42$8.639.1%

Health Care

ItemDecorahNational avg.Difference
Optometrist $122.25$99.7822.5%
Doctor $97.25$105.037.4%
Dentist $88.67$88.700.0%
Ibuprofen $10.31$9.419.5%
Lipitor $302.31$298.501.3%

Housing

ItemDecorahNational avg.Difference
Home Price $147,500.00$175,700.0016.1%
Avg. Mortgage Payment $1,043.56$1,081.033.5%
Apartment Rent $584.00$920.0036.5%

Transportation

ItemDecorahNational avg.Difference
Gasoline $2.90$2.0938.6%
Tire Balancing $41.97$45.297.3%

Utilities

ItemDecorahNational avg.Difference
All Electricity$146.62$170.8014.2%
Phone $20.01$28.2629.2%
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.
Castalia, IA17581-19%
Spillville, IA35683-17%
Ridgeway, IA32283-17%
Burr Oak, IA20481-19%
Ossian, IA93483-17%
Decorah, IA8,05890-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Southwood Acres, CT8,06011919%
Ludington, MI8,06187-13%
London, KY8,06287-13%
Senatobia, MS8,06387-13%
Wilmington Manor, DE8,0491066%
Decorah, IA8,05890-10%
Source: The Decorah, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.