Washington 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.
IndexWashingtonIowaNational
Cost of living index8588100
IndexWashingtonIowaNational
Goods & Services index9093100
Groceries index9595100
Health care index9496100
Housing index6773100
Transportation index9197100
Utilities index10299100
An overview of the general cost of living index for Washington, IA is displayed above for your reference. Residents in Washington, IA enjoy a cost of living index of 85. This index is 4% lower than the Iowa average, and 15% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Washington, IA, the average cost of goods and services is 3% lower than it is in Iowa, and it is 10% lower than the national average.

Did you know?

  • The cost of living in Washington is 4% lower than the Iowa average.
  • The cost of living in Washington is 15% lower than the national average.
  • The cost of housing in Washington is 33% 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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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
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Use the salary calculator to compare your current income in Washington, IA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Washington, IA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Washington, IA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$56,618$4,718$1,321$1,699
Renters$34,679$2,890$809$1,040
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Washington, 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 Washington, IA homeowners have a median income of $56,618. Using that number, you will come up with a maximum of $1,321 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $34,679, which means there is a maximum of $809 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%
For those who live in Washington, IA and want to know what the true cost of living is, they ought to look at both the Iowa income tax rate and the Iowa sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Iowa, the sales tax is 6%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Iowa, the income tax rate ranges between 0.36% to 8.98%.

Goods & Services

ItemWashingtonNational avg.Difference
Haircut $10.00$14.5931.5%
Beauty Salon $26.00$34.6825.0%
Toothpaste $1.96$2.4720.8%
Shampoo $0.88$1.0213.9%
Movie $8.25$9.8716.4%
Bowling $4.00$4.398.9%

Groceries

ItemWashingtonNational avg.Difference
Ground Beef $4.73$4.485.7%
Fried Chicken $1.44$1.461.6%
Milk $2.32$2.361.6%
Potatoes $2.01$3.0634.3%
Pizza $9.00$9.242.6%
Beer $7.78$8.639.9%

Health Care

ItemWashingtonNational avg.Difference
Optometrist $78.00$99.7821.8%
Doctor $121.00$105.0315.2%
Dentist $69.00$88.7022.2%
Ibuprofen $9.32$9.411.0%
Lipitor $286.58$298.504.0%

Housing

ItemWashingtonNational avg.Difference
Home Price $104,900.00$175,700.0040.3%
Avg. Mortgage Payment $891.84$1,081.0317.5%
Apartment Rent $767.00$920.0016.6%

Transportation

ItemWashingtonNational avg.Difference
Gasoline $1.96$2.096.3%
Tire Balancing $37.47$45.2917.3%

Utilities

ItemWashingtonNational avg.Difference
All Electricity$185.34$170.808.5%
Phone $26.03$28.267.9%
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.
Frytown, IA8595-5%
Coppock, IA6274-26%
West Chester, IA11575-25%
Cotter, IA6775-25%
Pleasant Plain, IA5575-25%
Washington, IA7,31585-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Logan, OH7,31482-18%
Mead, WA7,31494-6%
Dayton, TN7,31682-18%
Dunellen, NJ7,31712323%
Hastings, MI7,31382-18%
Washington, IA7,31585-15%
Source: The Washington, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.