New Albin 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.
IndexNew AlbinIowaNational
Cost of living index8788100
IndexNew AlbinIowaNational
Goods & Services index10393100
Groceries index9895100
Health care index9696100
Housing index4873100
Transportation index9097100
Utilities index13699100

Did you know?

  • The cost of living in New Albin is 1% lower than the Iowa average.
  • The cost of living in New Albin is 13% lower than the national average.
  • The cost of housing in New Albin is 52% 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 New Albin, IA Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$44,583$3,715$1,040$1,338
Renters$14,917$1,243$348$448

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemNew AlbinNational avg.Difference
Haircut $12.75$14.5912.6%
Beauty Salon $35.25$34.681.6%
Toothpaste $2.37$2.474.2%
Shampoo $0.88$1.0213.9%
Movie $9.58$9.872.9%
Bowling $2.75$4.3937.4%

Groceries

ItemNew AlbinNational avg.Difference
Ground Beef $5.69$4.4827.1%
Fried Chicken $1.57$1.467.2%
Milk $2.20$2.366.6%
Potatoes $2.67$3.0612.8%
Pizza $7.99$9.2413.6%
Beer $8.62$8.630.1%

Health Care

ItemNew AlbinNational avg.Difference
Optometrist $62.33$99.7837.5%
Doctor $118.67$105.0313.0%
Dentist $75.75$88.7014.6%
Ibuprofen $9.32$9.411.0%
Lipitor $299.55$298.500.4%

Housing

ItemNew AlbinNational avg.Difference
Home Price $81,900.00$175,700.0053.4%
Avg. Mortgage Payment $783.52$1,081.0327.5%
Apartment Rent $466.00$920.0049.3%

Transportation

ItemNew AlbinNational avg.Difference
Gasoline $1.89$2.099.6%
Tire Balancing $39.99$45.2911.7%

Utilities

ItemNew AlbinNational avg.Difference
All Electricity$183.50$170.807.4%
Phone $49.95$28.2676.8%
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.
De Soto, WI29188-12%
Eitzen, MN22691-9%
Coon Valley, WI76684-16%
Lansing, IA88192-8%
Caledonia, MN2,82494-6%
New Albin, IA50487-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bolton, MS50480-20%
Fairview Beach, VA50412020%
Arnett, OK50480-20%
Damiansville, IL50496-4%
McCune, KS50476-24%
New Albin, IA50487-13%
Source: The New Albin, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.