Perry 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.
IndexPerryIowaNational
Cost of living index8189100
IndexPerryIowaNational
Goods & Services index9295100
Groceries index9395100
Health care index9798100
Housing index5573100
Transportation index10597100
Utilities index8196100
The above illustration supplies generalized information for the Perry, IA cost of living index. Compared to other cities in Iowa and cities across the country, the cost of living index in Perry, IA is 81, which is 8% lower than the Iowa average and 19% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Perry, IA are 3% lower than the average for Iowa and 8% lower than the rest of the country.

Did you know?

  • The cost of living in Perry is 8% lower than the Iowa average.
  • The cost of living in Perry is 19% lower than the national average.
  • The cost of housing in Perry 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 Perry, 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
Using the salary calculator lets you compare the salary you earn in Perry, IA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Perry, IA, you have to earn a higher income in order to still have the same standard of living. To operate the Perry, IA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,442$4,704$1,317$1,693
Renters$25,930$2,161$605$778
One can approximate the cost of living and the housing affordability in Perry, IA by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Perry, IA have a median income of $56,442. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,317 per month to avoid calamity and poverty. The renters in the city have an income of about $25,930, which would make their monthly maximum allowable rental costs $605.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%
When considering the overall cost of living expenses in Perry, IA, it's important to take into account the sales tax for Iowa, as well as the rate for income tax in Iowa. 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 Iowa is 7%, and the sales tax in the state of Iowa is 6%. 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 Iowa starts from 0.36% and goes up to 8.98%.

Goods & Services

ItemPerryNational avg.Difference
Haircut $16.67$15.567.1%
Beauty Salon $28.94$36.1119.8%
Toothpaste $1.68$2.4732.1%
Shampoo $0.92$0.964.3%
Movie $9.00$10.1311.1%
Bowling $5.00$4.745.6%

Groceries

ItemPerryNational avg.Difference
Ground Beef $3.27$3.9817.9%
Fried Chicken $1.81$1.4128.9%
Milk $1.88$2.069.1%
Potatoes $2.28$2.9823.4%
Pizza $8.51$9.4710.1%
Beer $8.28$8.795.8%

Health Care

ItemPerryNational avg.Difference
Optometrist $87.00$101.0413.9%
Doctor $104.33$107.442.9%
Dentist $83.33$90.427.8%
Ibuprofen $9.40$9.281.3%
Lipitor $452.67$426.506.1%

Housing

ItemPerryNational avg.Difference
Home Price $84,900.00$175,700.0051.7%
Avg. Mortgage Payment $1,114.01$1,133.231.7%
Apartment Rent $635.00$920.0031.0%

Transportation

ItemPerryNational avg.Difference
Gasoline $1.99$1.990.1%
Tire Balancing $53.33$45.7616.5%

Utilities

ItemPerryNational avg.Difference
All Electricity$136.46$163.8116.7%
Phone $22.40$28.3921.1%
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.
Rippey, IA20675-25%
Berkley, IA1676-24%
Beaver, IA7377-23%
Luther, IA15777-23%
Jamaica, IA22477-23%
Perry, IA7,98681-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Maplewood, MO7,98792-8%
Rayne, LA7,98483-17%
Blair, NE7,99090-10%
Greenbriar, VA7,99414141%
Black Mountain, NC7,97796-4%
Perry, IA7,98681-19%
Source: The Perry, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.