Collins, Iowa Cost Of Living

Buy Rent

B+

Overall 13%

Goods & Services 1%

Housing 42%

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.
Index	Collins	Iowa	National
Cost of living	87	90	100
Goods & Services	101	96	100
Groceries	99	98	100
Health care	101	100	100
Housing	58	73	100
Transportation	103	101	100
Utilities	90	98	100

Key findings

The cost of living in Collins is 4% lower than the Iowa average
The cost of living in Collins is 13% lower than the national average
Collins housing is 42% lower than the national average
Iowa general sales tax is 18% higher than the national average
Iowa state income tax is 87% lower than the national average

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$65,000	$5,417	$1,517	$1,950
Renters	$32,188	$2,682	$751	$966

Iowa Sales Tax

State	General Sales Tax	With Max Surtax
Iowa	6%	7%

Iowa Income Tax

State	Income Tax (Low)	Income Tax (High)
Iowa	0.33%	8.53%

Goods & Services

Item	Collins	National avg.	Difference
Haircut	$21.60	$17.49	23.5%
Beauty Salon	$30.25	$38.17	20.8%
Toothpaste	$2.52	$2.32	8.6%
Shampoo	$1.19	$1.01	17.6%
Movie	$8.63	$10.72	19.5%
Bowling	$17.50	$13.86	26.3%

Groceries

Item	Collins	National avg.	Difference
Ground Beef	$3.78	$3.90	3.1%
Fried Chicken	$1.62	$1.40	16.1%
Milk	$2.04	$1.96	4.0%
Potatoes	$2.70	$3.18	15.2%
Pizza	$9.76	$10.39	6.1%
Beer	$8.56	$9.23	7.3%

Health Care

Item	Collins	National avg.	Difference
Optometrist	$109.50	$106.34	3.0%
Doctor	$122.00	$115.25	5.9%
Dentist	$92.75	$98.38	5.7%
Ibuprofen	$9.41	$9.26	1.6%
Lipitor	$517.06	$466.47	10.8%

Housing

Item	Collins	National avg.	Difference
Home Price	$88,800.00	$184,700.00	51.9%
Avg. Mortgage Payment	$1,350.51	$1,273.32	6.1%
Apartment Rent	$763.00	$949.00	19.6%

Transportation

Item	Collins	National avg.	Difference
Gasoline	$2.59	$2.59	0.1%
Tire Balancing	$53.96	$48.90	10.4%

Utilities

Item	Collins	National avg.	Difference
All Electricity	$139.59	$167.60	16.7%
Phone	$177.99	$163.42	8.9%

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, State	Population	Cost of Living Index	National Avg.
Valeria, IA	46	78	-22%
Clemons, IA	111	83	-17%
Rhodes, IA	257	84	-16%
Mingo, IA	255	83	-17%
State Center, IA	1,337	87	-13%
Collins, IA	458	87	-13%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
New Odanah, WI	458	82	-18%
Tierra Verde, TX	458	79	-21%
Florence, KS	458	79	-21%
Rose Creek, MN	458	85	-15%
Bland, VA	458	78	-22%
Collins, IA	458	87	-13%

Source: The Collins, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Collins, IA Cost of Living