Iola 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.
Cost of living index7889100
Goods & Services index8795100
Groceries index9994100
Health care index8995100
Housing index4776100
Transportation index8893100
Utilities index10298100
Here we can see a simple outline of the cost of living in Iola, KS. As you can see, with the average cost of living in Iola, KS being 78, that puts it 12% lower than the average of Kansas and 22% 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 Iola, KS, the price of goods and services are 8% lower than the average of Kansas as well as 13% lower than the nation's average.

Did you know?

  • The cost of living in Iola is 12% lower than the Kansas average.
  • The cost of living in Iola is 22% lower than the national average.
  • The cost of housing in Iola is 53% lower than the national average.
  • Kansas general sales tax is 28% higher than the national average.
  • Kansas state income tax is 30% higher than the national average.

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Compare Iola, KS Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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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 salary in Iola, KS to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Iola, KS, then you would need to earn more income in order to maintain the same standard of living. To use the Iola, KS salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Iola, KS, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Iola, KS has a median income of about $44,510 for people who own homes. Based on that number, a person should spend a maximum of $1,038 on expenses related to housing. Renters have a slightly different median income, which is $25,842. Based on this average, renters should spend no more than $603 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Kansas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Kansas Income Tax

StateIncome Tax (Low)Income Tax (High)
When considering the overall cost of living expenses in Iola, KS, it's important to take into account the sales tax for Kansas, as well as the rate for income tax in Kansas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Kansas is 10.15%, and the sales tax in the state of Kansas is 6.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Kansas starts from 2.9% and goes up to 5.2%.

Goods & Services

ItemIolaNational avg.Difference
Haircut $12.94$16.0919.5%
Beauty Salon $32.01$37.3314.3%
Toothpaste $1.98$2.4519.2%
Shampoo $0.83$1.0017.5%
Movie $5.98$10.2841.8%
Bowling $3.93$4.9320.3%


ItemIolaNational avg.Difference
Ground Beef $3.90$3.802.4%
Fried Chicken $1.15$1.4017.4%
Milk $1.59$2.0120.9%
Potatoes $2.90$3.013.6%
Pizza $8.46$9.8914.4%
Beer $8.53$8.904.2%

Health Care

ItemIolaNational avg.Difference
Optometrist $74.58$102.1627.0%
Doctor $90.02$108.3616.9%
Dentist $83.09$92.5310.2%
Ibuprofen $8.41$9.289.4%
Lipitor $414.07$425.822.8%


ItemIolaNational avg.Difference
Home Price $77,000.00$184,700.0058.3%
Avg. Mortgage Payment $836.18$1,202.4430.5%
Apartment Rent $571.00$949.0039.8%


ItemIolaNational avg.Difference
Gasoline $2.07$2.247.7%
Tire Balancing $37.02$46.2920.0%


ItemIolaNational avg.Difference
All Electricity$167.21$165.960.7%
Phone $29.92$28.684.3%
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.
Lone Elm, KS2392-8%
Mildred, KS3192-8%
Bassett, KS1192-8%
Elsmore, KS10367-33%
Kincaid, KS12669-31%
Iola, KS5,56078-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Marksville, LA5,56085-15%
Wayne, NE5,56085-15%
Timber Pines, FL5,56395-5%
Cullowhee, NC5,55696-4%
Pelham Manor, NY5,564211111%
Iola, KS5,56078-22%
Source: The Iola, KS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.