Northwood 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.
IndexNorthwoodIowaNational
Cost of living index8289100
IndexNorthwoodIowaNational
Goods & Services index9695100
Groceries index9995100
Health care index10098100
Housing index5573100
Transportation index8297100
Utilities index9496100

Did you know?

  • The cost of living in Northwood is 7% lower than the Iowa average.
  • The cost of living in Northwood is 18% lower than the national average.
  • The cost of housing in Northwood is 45% 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 Northwood, 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$51,212$4,268$1,195$1,537
Renters$17,262$1,439$403$518

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

ItemNorthwoodNational avg.Difference
Haircut $18.99$15.5622.0%
Beauty Salon $25.45$36.1129.5%
Toothpaste $2.37$2.474.3%
Shampoo $1.02$0.966.0%
Movie $8.67$10.1314.4%
Bowling $3.50$4.7426.1%

Groceries

ItemNorthwoodNational avg.Difference
Ground Beef $3.47$3.9812.9%
Fried Chicken $1.96$1.4139.1%
Milk $1.90$2.067.8%
Potatoes $2.40$2.9819.6%
Pizza $9.32$9.471.6%
Beer $8.57$8.792.5%

Health Care

ItemNorthwoodNational avg.Difference
Optometrist $79.50$101.0421.3%
Doctor $120.67$107.4412.3%
Dentist $82.14$90.429.2%
Ibuprofen $10.41$9.2812.2%
Lipitor $441.04$426.503.4%

Housing

ItemNorthwoodNational avg.Difference
Home Price $96,600.00$175,700.0045.0%
Avg. Mortgage Payment $889.35$1,133.2321.5%
Apartment Rent $493.00$920.0046.4%

Transportation

ItemNorthwoodNational avg.Difference
Gasoline $1.86$1.996.6%
Tire Balancing $25.16$45.7645.0%

Utilities

ItemNorthwoodNational avg.Difference
All Electricity$174.36$163.816.4%
Phone $21.97$28.3922.6%
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.
Mona, IA3494-6%
Otranto, IA794-6%
Bolan, IA3594-6%
Carpenter, IA11074-26%
Myrtle, MN5778-22%
Northwood, IA2,08382-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Shiner, TX2,08383-17%
North Eagle Butte, SD2,08377-23%
Erma, NJ2,08212222%
Hooker, OK2,08282-18%
Woodlawn, VA2,08294-6%
Northwood, IA2,08382-18%
Source: The Northwood, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.