Evansdale cost of living index

A general summary of the cost of living index in Evansdale, IA is shown above. Compared to the state average of Iowa the cost of living index in Evansdale, IA is 87, which is 2% lower than the average in Iowa and compared to the national average it is 13% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Evansdale, IA goods and services come in at 7% higher than the average in Iowa and are 2% higher than compared to the nationwide average.

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Salary Calculator

Use the salary calculator to compare your current income in Evansdale, IA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Evansdale, IA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Evansdale, IA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

If you want to find a good determining factor for the cost of living and the general affordability of housing in Evansdale, IA, all you must look at 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, IA, 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

Iowa Income Tax

The Iowa sales tax and Iowa income tax rates should definitely be considered when determining the overall cost of living in Evansdale, IA. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Iowa sales tax is 6% and the maximum surtax is 7%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Iowa income tax rates range from 0.36% to 8.98%.

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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.

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Source: The Evansdale, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.