Waukee 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.
IndexWaukeeIowaNational
Cost of living index9688100
IndexWaukeeIowaNational
Goods & Services index9293100
Groceries index9395100
Health care index9796100
Housing index10673100
Transportation index9197100
Utilities index9299100
An overview of the general cost of living index for Waukee, IA is displayed above for your reference. Residents in Waukee, IA enjoy a cost of living index of 96. This index is 9% higher than the Iowa average, and 4% 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 Waukee, IA, the average cost of goods and services is 1% lower than it is in Iowa, and it is 8% lower than the national average.

Did you know?

  • The cost of living in Waukee is 9% higher than the Iowa average.
  • The cost of living in Waukee is 4% lower than the national average.
  • The cost of housing in Waukee is 6% higher 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 Waukee, IA Cost of living To Other Cities

Salary Calculator

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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 salary in Waukee, IA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Waukee, IA, then you would need to earn more income in order to maintain the same standard of living. To use the Waukee, IA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$94,347$7,862$2,201$2,831
Renters$38,772$3,231$905$1,163
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Waukee, IA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Waukee, IA homeowners, is $94,347. This would allow for a maximum of $2,201 per month to be spent on housing costs. For renters, the median monthly income is $38,772 which would result in a maximum of $905 to be spent on rental costs.

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 Waukee, 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

ItemWaukeeNational avg.Difference
Haircut $13.67$14.596.3%
Beauty Salon $27.07$34.6821.9%
Toothpaste $2.07$2.4716.3%
Shampoo $1.00$1.022.2%
Movie $8.93$9.879.5%
Bowling $4.30$4.392.1%

Groceries

ItemWaukeeNational avg.Difference
Ground Beef $4.03$4.4810.0%
Fried Chicken $1.77$1.4620.9%
Milk $2.26$2.364.1%
Potatoes $2.42$3.0621.0%
Pizza $8.49$9.248.1%
Beer $8.37$8.633.0%

Health Care

ItemWaukeeNational avg.Difference
Optometrist $96.40$99.783.4%
Doctor $122.60$105.0316.7%
Dentist $78.13$88.7011.9%
Ibuprofen $8.89$9.415.5%
Lipitor $262.74$298.5012.0%

Housing

ItemWaukeeNational avg.Difference
Home Price $187,900.00$175,700.006.9%
Avg. Mortgage Payment $956.15$1,081.0311.6%
Apartment Rent $942.00$920.002.4%

Transportation

ItemWaukeeNational avg.Difference
Gasoline $1.83$2.0912.5%
Tire Balancing $44.80$45.291.1%

Utilities

ItemWaukeeNational avg.Difference
All Electricity$143.19$170.8016.2%
Phone $29.30$28.263.7%
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.
Spring Hill, IA2179-21%
Minburn, IA35982-18%
De Soto, IA1,14286-14%
Des Moines, IA206,70286-14%
Van Meter, IA1,46388-12%
Waukee, IA15,94496-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Grosse Pointe Woods, MI15,9431022%
Great Bend, KS15,94282-18%
Gatesville, TX15,94682-18%
Clarksburg, MD15,94114343%
Woodcrest, CA15,95113131%
Waukee, IA15,94496-4%
Source: The Waukee, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.