A+
Overall 24%
Goods & Services 12%
Housing 64%
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.
IndexFarmingtonIowaNational
Cost of living7690100
Goods & Services8996100
Groceries9798100
Health care99100100
Housing3673100
Transportation90101100
Utilities10998100

Key findings

  • The cost of living in Farmington is 16% lower than the Iowa average
  • The cost of living in Farmington is 24% lower than the national average
  • Farmington housing is 64% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 85% lower than the national average

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Compare Farmington, IA Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$43,438$3,620$1,013$1,303
      Renters$24,861$2,072$580$746

      Iowa Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Iowa6%7%

      Iowa Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Iowa0.33%8.53%

      Goods & Services

      ItemFarmingtonNational avg.Difference
      Haircut $13.97$17.4920.1%
      Beauty Salon $20.49$38.1746.3%
      Toothpaste $2.16$2.326.9%
      Shampoo $1.05$1.013.8%
      Movie $9.00$10.7216.1%
      Bowling $7.75$13.8644.1%

      Groceries

      ItemFarmingtonNational avg.Difference
      Ground Beef $3.39$3.9013.1%
      Fried Chicken $1.55$1.4011.1%
      Milk $2.15$1.969.6%
      Potatoes $2.49$3.1821.8%
      Pizza $10.70$10.392.9%
      Beer $9.99$9.238.2%

      Health Care

      ItemFarmingtonNational avg.Difference
      Optometrist $101.00$106.345.0%
      Doctor $121.00$115.255.0%
      Dentist $86.00$98.3812.6%
      Ibuprofen $9.49$9.262.5%
      Lipitor $536.88$466.4715.1%

      Housing

      ItemFarmingtonNational avg.Difference
      Home Price $50,600.00$184,700.0072.6%
      Avg. Mortgage Payment $892.73$1,273.3229.9%
      Apartment Rent $525.00$949.0044.7%

      Transportation

      ItemFarmingtonNational avg.Difference
      Gasoline $2.52$2.593.0%
      Tire Balancing $39.00$48.9020.2%

      Utilities

      ItemFarmingtonNational avg.Difference
      All Electricity$196.50$167.6017.2%
      Phone $177.99$163.428.9%
      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.
      Arbela, MO2294-6%
      Luray, MO8171-29%
      Granger, MO2874-26%
      Revere, MO6174-26%
      Hillsboro, IA22875-25%
      Farmington, IA96176-24%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      St. Joseph, LA96172-28%
      Pomona, KS96184-16%
      Plymouth, CA96111111%
      Jefferson Heights, NY9611044%
      Grant, AL96194-6%
      Farmington, IA96176-24%
      Source: The Farmington, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.