| Index | Coralville | Iowa | National |
| Cost of living | 104 | 89 | 100 |
| Groceries | 95 | 97 | 100 |
| Health care | 98 | 96 | 100 |
| Housing | 121 | 74 | 100 |
| Transportation | 98 | 97 | 100 |
| Utilities | 96 | 95 | 100 |
| Lifestyle & Entertainment | 95 | 95 | 100 |
| Household Items | 95 | 97 | 100 |
| Education & Childcare | 96 | 94 | 100 |
Knowing the cost of living in Coralville allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Coralville stands at 104, marking it 4% higher than the national average.
The cost of living in Coralville closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Coralville can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
When it comes to the cost of living in Coralville, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 21.4% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
The most insightful perspective on a city comes from its residents. We recently surveyed 6 locals to gauge their perception of the cost of living in Coralville. The feedback revealed that 67% of respondents found the cost of living to be reasonable, with prices on the decline, while 33% regarded it as notably expensive with prices that continue to rise.
Is Coralville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Coralville, for instance, where the median home price falls 31.8% higher than the national average, and monthly rent rates are 3% lower than usual. Additionally, median income levels contribute to the equation, with Coralville flaunting a median household income of $100,564, 23.6% higher than the national norm.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday household expenses, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Coralville, the standard sales tax rate starts at 6%, and the income tax rates commence at 4.4%.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Coralville, the utilities index registers 4.2% lower than the national average.
The cost of living estimates displayed for Coralville are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $167,201 | $13,933 | $3,901 | $5,017 |
| Renters | $50,329 | $4,194 | $1,174 | $1,510 |
| State | General Sales Tax | With Max Surtax |
| Iowa | 6% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Iowa | 4.4% | 6% |
| City | Population | Cost of Living Index | National Avg. |
| East Amana, IA | 39 | 96 | 4.4% |
| Frytown, IA | 48 | 96 | 3.9% |
| Homestead, IA | 63 | 84 | 15.6% |
| Lone Tree, IA | 1,418 | 91 | 9.5% |
| Oxford, IA | 735 | 91 | 8.6% |
| Coralville, IA | 22,380 | 104 | 3.7% |
| City | Population | Cost of Living Index | National Avg. |
| Lealman, FL | 22,381 | 97 | 2.7% |
| New Castle, PA | 22,377 | 79 | 20.6% |
| Sunny Isles Beach, FL | 22,386 | 130 | 29.5% |
| Westmount, QC | 22,392 | n/a | |
| Leland, NC | 22,366 | 110 | 9.6% |
| Coralville, IA | 22,380 | 104 | 3.7% |
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