Denison 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.
IndexDenisonIowaNational
Cost of living index8388100
IndexDenisonIowaNational
Goods & Services index9593100
Groceries index9595100
Health care index10296100
Housing index5673100
Transportation index9697100
Utilities index9199100
A general summary of the cost of living index in Denison, IA is shown above. Compared to the state average of Iowa the cost of living index in Denison, IA is 83, which is 6% lower than the average in Iowa and compared to the national average it is 17% 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 Denison, IA goods and services come in at 2% higher than the average in Iowa and are 5% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Denison is 6% lower than the Iowa average.
  • The cost of living in Denison is 17% lower than the national average.
  • The cost of housing in Denison is 44% 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 Denison, IA Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Denison, 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 Denison, IA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Denison, 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$53,864$4,489$1,257$1,616
Renters$20,236$1,686$472$607
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Denison, 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 Denison, IA homeowners have a median income of $53,864. Using that number, you will come up with a maximum of $1,257 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $20,236, which means there is a maximum of $472 to be spent on the costs of renting a home or apartment.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%
One thing to keep in mind when considering the cost of living in Denison, IA is the Iowa sales tax and Iowa income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Iowa sales tax rate is 6% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Iowa income tax rates range from 0.36% to 8.98%.

Goods & Services

ItemDenisonNational 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

ItemDenisonNational 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

ItemDenisonNational 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

ItemDenisonNational avg.Difference
Home Price $100,600.00$175,700.0042.7%
Avg. Mortgage Payment $887.51$1,081.0317.9%
Apartment Rent $485.00$920.0047.3%

Transportation

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

Utilities

ItemDenisonNational 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.
Arion, IA13972-28%
Ricketts, IA14674-26%
Buck Grove, IA3176-24%
Vail, IA38577-23%
Manilla, IA99778-22%
Denison, IA8,37083-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Hillsboro, IL8,37184-16%
Oberlin, OH8,36887-13%
Fort Stockton, TX8,37384-16%
Bridgewater, MA8,37412626%
New Port Richey East, FL8,37686-14%
Denison, IA8,37083-17%
Source: The Denison, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.