Elma cost of living index

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.
IndexElmaIowaNational
Cost of living index7889100
IndexElmaIowaNational
Goods & Services index9595100
Groceries index9194100
Health care index9097100
Housing index4073100
Transportation index9599100
Utilities index9795100

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Did you know?

  • The cost of living in Elma is 12% lower than the Iowa average.
  • The cost of living in Elma is 22% lower than the national average.
  • The cost of housing in Elma is 60% lower 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.

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Compare Elma, IA Cost of living To Other Cities

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Goods & Services index
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Health care index
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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$39,773$3,314$928$1,193
Renters$26,250$2,188$612$788

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemElmaNational avg.Difference
Haircut $18.84$16.0917.1%
Beauty Salon $25.10$37.3332.8%
Toothpaste $1.90$2.4522.3%
Shampoo $0.89$1.0010.9%
Movie $8.98$10.2812.7%
Bowling $3.15$4.9336.2%

Groceries

ItemElmaNational avg.Difference
Ground Beef $3.20$3.8015.8%
Fried Chicken $1.22$1.4012.6%
Milk $1.58$2.0121.5%
Potatoes $2.34$3.0122.2%
Pizza $9.63$9.892.6%
Beer $8.75$8.901.6%

Health Care

ItemElmaNational avg.Difference
Optometrist $107.39$102.165.1%
Doctor $82.02$108.3624.3%
Dentist $88.51$92.534.3%
Ibuprofen $7.56$9.2818.5%
Lipitor $420.23$425.821.3%

Housing

ItemElmaNational avg.Difference
Home Price $54,100.00$184,700.0070.7%
Avg. Mortgage Payment $1,021.36$1,202.4415.1%
Apartment Rent $625.00$949.0034.1%

Transportation

ItemElmaNational avg.Difference
Gasoline $2.44$2.248.6%
Tire Balancing $31.27$46.2932.4%

Utilities

ItemElmaNational avg.Difference
All Electricity$175.89$165.966.0%
Phone $25.27$28.6811.9%
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, StatePopulationCost of Living IndexNational Avg.
Little Cedar, IA2094-6%
New Haven, IA8494-6%
Meyer, IA094-6%
Bassett, IA6371-29%
Colwell, IA6774-26%
Elma, IA56278-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Thunderbird Bay, TX56282-18%
Spelter, WV56282-18%
La Harpe, KS56275-25%
Stanwood, IA56286-14%
Kosse, TX56281-19%
Elma, IA56278-22%
Source: The Elma, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.