Evansdale, Iowa Cost Of Living

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Overall 18%

Goods & Services 9%

Housing 38%

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	Evansdale	Iowa	National
Cost of living	82	90	100
Goods & Services	91	96	100
Groceries	92	98	100
Health care	92	100	100
Housing	62	73	100
Transportation	94	101	100
Utilities	86	98	100

Key findings

The cost of living in Evansdale is 9% lower than the Iowa average
The cost of living in Evansdale is 18% lower than the national average
Evansdale housing is 38% 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	$53,438	$4,453	$1,247	$1,603
Renters	$32,800	$2,733	$765	$984

A good indicator of the general affordability of housing in Evansdale, IA, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Evansdale, the median monthly income is $53,438 for those who own their own homes. Under the standard rule, that income level would allow for $1,247 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $32,800, per the median income in the area. That would allow for renters to spend up to $765 on monthly rental expenses.

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	Evansdale	National avg.	Difference
Haircut	$16.57	$17.49	5.3%
Beauty Salon	$20.60	$38.17	46.0%
Toothpaste	$2.77	$2.32	19.3%
Shampoo	$0.99	$1.01	2.2%
Movie	$12.04	$10.72	12.3%
Bowling	$11.00	$13.86	20.6%

Groceries

Item	Evansdale	National avg.	Difference
Ground Beef	$3.12	$3.90	20.0%
Fried Chicken	$1.58	$1.40	13.2%
Milk	$1.91	$1.96	2.7%
Potatoes	$2.05	$3.18	35.6%
Pizza	$9.99	$10.39	3.9%
Beer	$8.99	$9.23	2.6%

Health Care

Item	Evansdale	National avg.	Difference
Optometrist	$125.00	$106.34	17.6%
Doctor	$109.42	$115.25	5.1%
Dentist	$80.33	$98.38	18.3%
Ibuprofen	$9.07	$9.26	2.1%
Lipitor	$454.89	$466.47	2.5%

Housing

Item	Evansdale	National avg.	Difference
Home Price	$105,200.00	$184,700.00	43.0%
Avg. Mortgage Payment	$1,218.99	$1,273.32	4.3%
Apartment Rent	$713.00	$949.00	24.9%

Transportation

Item	Evansdale	National avg.	Difference
Gasoline	$2.66	$2.59	2.5%
Tire Balancing	$39.99	$48.90	18.2%

Utilities

Item	Evansdale	National avg.	Difference
All Electricity	$127.07	$167.60	24.2%
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.
Mount Auburn, IA	120	75	-25%
Brandon, IA	330	78	-22%
Washburn, IA	888	79	-21%
Waterloo, IA	68,357	82	-18%
La Porte City, IA	2,403	84	-16%
Evansdale, IA	4,794	82	-18%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Greenfield, OH	4,794	82	-18%
Sheridan, AR	4,794	92	-8%
West Pittston, PA	4,793	95	-5%
Singac, NJ	4,793	125	25%
Carle Place, NY	4,796	161	61%
Evansdale, IA	4,794	82	-18%

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

Evansdale, IA Cost of Living

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