Glenwood 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.
Cost of living index8689100
Goods & Services index9495100
Groceries index9494100
Health care index10197100
Housing index7073100
Transportation index9299100
Utilities index8695100
A general summary of the cost of living index in Glenwood, IA is shown above. Compared to the state average of Iowa the cost of living index in Glenwood, IA is 86, which is 3% lower than the average in Iowa and compared to the national average it is 14% 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 Glenwood, IA goods and services come in at 1% lower than the average in Iowa and are 6% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Glenwood is 3% lower than the Iowa average.
  • The cost of living in Glenwood is 14% lower than the national average.
  • The cost of housing in Glenwood is 30% 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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Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Glenwood, 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 Glenwood, IA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Glenwood, 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

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Glenwood, IA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Glenwood, IA has a median income of about $69,300 for people who own homes. Based on that number, a person should spend a maximum of $1,617 on expenses related to housing. Renters have a slightly different median income, which is $24,188. Based on this average, renters should spend no more than $564 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
The Iowa sales tax and Iowa income tax rates should definitely be considered when determining the overall cost of living in Glenwood, 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

ItemGlenwoodNational avg.Difference
Haircut $17.00$16.095.7%
Beauty Salon $32.86$37.3312.0%
Toothpaste $1.95$2.4520.5%
Shampoo $0.84$1.0016.0%
Movie $9.59$10.286.7%
Bowling $3.70$4.9325.0%


ItemGlenwoodNational avg.Difference
Ground Beef $3.40$3.8010.7%
Fried Chicken $1.48$1.405.7%
Milk $1.73$2.0113.8%
Potatoes $3.34$3.0110.9%
Pizza $9.49$9.894.0%
Beer $8.26$8.907.2%

Health Care

ItemGlenwoodNational avg.Difference
Optometrist $97.13$102.164.9%
Doctor $137.37$108.3626.8%
Dentist $74.14$92.5319.9%
Ibuprofen $9.25$9.280.3%
Lipitor $431.14$425.821.2%


ItemGlenwoodNational avg.Difference
Home Price $134,600.00$184,700.0027.1%
Avg. Mortgage Payment $1,017.45$1,202.4415.4%
Apartment Rent $613.00$949.0035.4%


ItemGlenwoodNational avg.Difference
Gasoline $1.82$2.2418.8%
Tire Balancing $53.20$46.2914.9%


ItemGlenwoodNational avg.Difference
All Electricity$161.36$165.962.8%
Phone $21.01$28.6826.8%
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.
Bartlett, IA093-7%
La Platte, NE12467-33%
Randolph, IA19079-21%
Hastings, IA15079-21%
Mineola, IA11181-19%
Glenwood, IA5,23386-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Winfield, IN5,23312020%
Jonesborough, TN5,23493-7%
Mount Hood Village, OR5,23111313%
Smiths Station, AL5,23593-7%
Swartz, LA5,23590-10%
Glenwood, IA5,23386-14%
Source: The Glenwood, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.