Norwalk 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.
IndexNorwalkIowaNational
Cost of living index9189100
IndexNorwalkIowaNational
Goods & Services index8995100
Groceries index9295100
Health care index9798100
Housing index8673100
Transportation index9997100
Utilities index9996100
Here we can see a simple outline of the cost of living in Norwalk, IA. As you can see, with the average cost of living in Norwalk, IA being 91, that puts it 2% higher than the average of Iowa and 9% 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 Norwalk, IA, the price of goods and services are 6% lower than the average of Iowa as well as 11% lower than the nation's average.

Did you know?

  • The cost of living in Norwalk is 2% higher than the Iowa average.
  • The cost of living in Norwalk is 9% lower than the national average.
  • The cost of housing in Norwalk is 14% 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 Norwalk, IA Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is meant to help you compare your salary in Norwalk, IA to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Norwalk, IA, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Norwalk, IA salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$93,466$7,789$2,181$2,804
Renters$46,774$3,898$1,091$1,403
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Norwalk, 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 Norwalk, IA homeowners have a median income of $93,466. Using that number, you will come up with a maximum of $2,181 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $46,774, which means there is a maximum of $1,091 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%
The Iowa sales tax and Iowa income tax rates should definitely be considered when determining the overall cost of living in Norwalk, IA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Iowa sales tax is 6% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Iowa income tax rates range from 0.36% to 8.98%.

Goods & Services

ItemNorwalkNational avg.Difference
Haircut $14.43$15.567.3%
Beauty Salon $27.88$36.1122.8%
Toothpaste $1.83$2.4726.1%
Shampoo $0.97$0.960.2%
Movie $8.92$10.1311.9%
Bowling $4.51$4.744.8%

Groceries

ItemNorwalkNational avg.Difference
Ground Beef $3.63$3.989.0%
Fried Chicken $1.71$1.4121.5%
Milk $1.75$2.0615.0%
Potatoes $2.01$2.9832.7%
Pizza $8.49$9.4710.4%
Beer $8.37$8.794.9%

Health Care

ItemNorwalkNational avg.Difference
Optometrist $94.78$101.046.2%
Doctor $120.75$107.4412.4%
Dentist $77.93$90.4213.8%
Ibuprofen $8.28$9.2810.8%
Lipitor $438.85$426.502.9%

Housing

ItemNorwalkNational avg.Difference
Home Price $154,300.00$175,700.0012.2%
Avg. Mortgage Payment $1,011.66$1,133.2310.7%
Apartment Rent $754.00$920.0018.0%

Transportation

ItemNorwalkNational avg.Difference
Gasoline $1.92$1.993.5%
Tire Balancing $47.41$45.763.6%

Utilities

ItemNorwalkNational avg.Difference
All Electricity$156.60$163.814.4%
Phone $29.30$28.393.2%
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.
Bevington, IA2377-23%
Spring Hill, IA2179-21%
Patterson, IA13180-20%
Milo, IA75883-17%
Martensdale, IA48285-15%
Norwalk, IA9,44491-9%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Montecito, CA9,444485385%
Rockingham, NC9,44488-12%
Buda, TX9,4431000%
Bethalto, IL9,44392-8%
Willoughby Hills, OH9,4461088%
Norwalk, IA9,44491-9%
Source: The Norwalk, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.