A+
Overall 26%
Goods & Services 4%
Housing 84%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexBassettIowaNational
Cost of living7490100
Goods & Services9696100
Groceries9698100
Health care98100100
Housing1673100
Transportation103101100
Utilities11198100

Key findings

  • The cost of living in Bassett is 17% lower than the Iowa average
  • The cost of living in Bassett is 26% lower than the national average
  • Bassett housing is 84% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 85% lower than the national average

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Compare Bassett, IA Cost of Living

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$40,000$3,333$933$1,200
      Renters$0$0$0$0

      Iowa Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Iowa6%7%

      Iowa Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Iowa0.33%8.53%

      Goods & Services

      ItemBassettNational avg.Difference
      Haircut $25.76$17.4947.3%
      Beauty Salon $29.22$38.1723.4%
      Toothpaste $2.82$2.3221.5%
      Shampoo $0.99$1.012.2%
      Movie $10.50$10.722.1%
      Bowling $10.00$13.8627.9%

      Groceries

      ItemBassettNational avg.Difference
      Ground Beef $3.27$3.9016.2%
      Fried Chicken $1.65$1.4018.2%
      Milk $2.07$1.965.5%
      Potatoes $2.99$3.186.1%
      Pizza $11.49$10.3910.5%
      Beer $8.93$9.233.2%

      Health Care

      ItemBassettNational avg.Difference
      Optometrist $94.00$106.3411.6%
      Doctor $130.00$115.2512.8%
      Dentist $92.00$98.386.5%
      Ibuprofen $7.79$9.2615.9%
      Lipitor $465.99$466.470.1%

      Housing

      ItemBassettNational avg.Difference
      Home Price $30,000.00$184,700.0083.8%
      Avg. Mortgage Payment $927.46$1,273.3227.2%
      Apartment Rent $0.00$949.00100.0%

      Transportation

      ItemBassettNational avg.Difference
      Gasoline $2.92$2.5912.8%
      Tire Balancing $43.98$48.9010.1%

      Utilities

      ItemBassettNational avg.Difference
      All Electricity$204.31$167.6021.9%
      Phone $178.59$163.429.3%
      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.
      Roseville, IA099-1%
      Colwell, IA6778-22%
      Alta Vista, IA30178-22%
      Orchard, IA5079-21%
      Elma, IA56282-18%
      Bassett, IA6374-26%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Flaxville, MT6383-17%
      Galt, IA6377-23%
      Chautauqua, KS6369-31%
      Ottosen, IA6385-15%
      Delaplaine, AR6374-26%
      Bassett, IA6374-26%
      Source: The Bassett, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.