Cost of Living in Grinnell, IA

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A+
8%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
18%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Grinnell Iowa National
Cost of living9289100
Groceries9897100
Health care9496100
Housing8274100
Transportation9597100
Utilities9795100
Lifestyle & Entertainment9195100
Household Items9797100
Education & Childcare9894100
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Homes For Sale In Grinnell, IA

property for sale

1940 West St

Grinnell, IA
property for sale

729 Center St

Grinnell, IA
property for sale

1208 Main St

Grinnell, IA
property for sale

1221 Main St

Grinnell, IA
See the Newest Homes For Sale In Grinnell, IA

Cost Of Living Quick Facts

  • The cost of living in Grinnell is 3% higher than the Iowa average
  • The cost of living in Grinnell is 8% lower than the national average
  • Grinnell housing is 18% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Grinnell

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      The best places in Iowa

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$106,941$8,912$2,495$3,209
      Renters$57,773$4,814$1,348$1,733
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Grinnell, IA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Grinnell homeowners, is $106,941. This would allow for a maximum of $2,495 per month to be spent on housing costs. For renters, the median monthly income is $57,773 which would result in a maximum of $1,348 to be spent on rental costs.

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Ferguson, IA1287821.6%
      Gilman, IA5558119.4%
      Laurel, IA2008118.9%
      Searsboro, IA1408118.9%
      Kellogg, IA6668218.0%
      Grinnell, IA9,424928.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Greenville, RI9,42312222.1%
      Nolensville, TN9,42214645.9%
      Washington Terrace, UT9,4221044.0%
      Gresham Park, GA9,4261054.5%
      Lenoir City, TN9,420927.7%
      Grinnell, IA9,424928.3%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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