Cost of Living in Colo, IA

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12%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
29%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Colo Iowa National
Cost of living8889100
Groceries9897100
Health care9596100
Housing7174100
Transportation9697100
Utilities9295100
Lifestyle & Entertainment9295100
Household Items9897100
Education & Childcare9094100
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Homes For Sale In Colo, IA

property for sale

622 5th St

Colo, IA
property for sale

403 Park St

Colo, IA
property for sale

Parcel G 248th St

Colo, IA
property for sale

507 5th St

Colo, IA
See the Newest Homes For Sale In Colo, IA

Cost Of Living Quick Facts

  • The cost of living in Colo is 2% lower than the Iowa average
  • The cost of living in Colo is 12% lower than the national average
  • Colo housing is 29% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Colo

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$110,532$9,211$2,579$3,316
      Renters$79,815$6,651$1,862$2,395

      Iowa Sales Tax

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

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Clemons, IA1557722.8%
      St. Anthony, IA308019.6%
      Rhodes, IA3298118.5%
      Maxwell, IA7658514.9%
      Zearing, IA5618614.2%
      Colo, IA7798812.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hickman, CA77912828.5%
      Doerun, GA7798317.5%
      Dighton, KS7798020.4%
      Garrison, KY7797723.0%
      Lynnview, KY7798812.2%
      Colo, IA7798812.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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