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.
Displayed above is a general overview of the Coralville, IA cost of living index. The overall cost of living index in Coralville, IA is 99, which is 12% higher than the Iowa average and 1% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Coralville, IA are equal to the Iowa average and 5% lower than the national average.
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Did you know?
The cost of living in Coralville is 12% higher than the Iowa average.
The cost of living in Coralville is 1% lower than the national average.
The cost of housing in Coralville is 2% 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.
Compare Coralville, IA Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Using the salary calculator lets you compare the salary you earn in Coralville, IA to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Coralville, IA, you have to earn a higher income in order to still have the same standard of living. To operate the Coralville, IA salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Coralville, IA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Coralville, IA homeowners have a median income of $93,338. Using that number, you will come up with a maximum of $2,178 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $32,048, which means there is a maximum of $748 to be spent on the costs of renting a home or apartment.
Iowa Sales Tax
General Sales Tax
With Max Surtax
Iowa Income Tax
Income Tax (Low)
Income Tax (High)
One thing to keep in mind when considering the cost of living in Coralville, IA is the Iowa sales tax and Iowa income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Iowa sales tax rate is 6% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Iowa income tax rates range from 0.36% to 8.98%.
Goods & Services
Avg. Mortgage Payment
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.