Iola 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.
IndexIolaIllinoisNational
Cost of living index7599100
IndexIolaIllinoisNational
Goods & Services index95101100
Groceries index9097100
Health care index88101100
Housing index3195100
Transportation index97105100
Utilities index9696100
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Did you know?

  • The cost of living in Iola is 24% lower than the Illinois average.
  • The cost of living in Iola is 25% lower than the national average.
  • The cost of housing in Iola is 69% lower than the national average.
  • Illinois general sales tax is 23% higher than the national average.
  • Illinois state income tax is 69% higher than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$37,250$3,104$869$1,118
Renters$0$0$0$0

Illinois Sales Tax

StateGeneral Sales TaxWith Max Surtax
Illinois6.25%10.25%

Illinois Income Tax

StateIncome Tax (Low)Income Tax (High)
Illinois3.75%3.75%

Goods & Services

ItemIolaNational avg.Difference
Haircut $15.33$16.094.7%
Beauty Salon $30.89$37.3317.3%
Toothpaste $2.00$2.4518.3%
Shampoo $0.83$1.0017.4%
Movie $9.32$10.289.4%
Bowling $4.38$4.9311.2%

Groceries

ItemIolaNational avg.Difference
Ground Beef $3.21$3.8015.7%
Fried Chicken $1.53$1.409.5%
Milk $1.25$2.0137.7%
Potatoes $2.87$3.014.8%
Pizza $9.16$9.897.4%
Beer $8.42$8.905.4%

Health Care

ItemIolaNational avg.Difference
Optometrist $78.11$102.1623.5%
Doctor $103.39$108.364.6%
Dentist $71.67$92.5322.5%
Ibuprofen $8.21$9.2811.5%
Lipitor $430.91$425.821.2%

Housing

ItemIolaNational avg.Difference
Home Price $37,800.00$184,700.0079.5%
Avg. Mortgage Payment $992.13$1,202.4417.5%
Apartment Rent $517.00$949.0045.5%

Transportation

ItemIolaNational avg.Difference
Gasoline $2.22$2.241.1%
Tire Balancing $42.88$46.297.4%

Utilities

ItemIolaNational avg.Difference
All Electricity$171.82$165.963.5%
Phone $25.38$28.6811.5%
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.
Sailor Springs, IL9975-25%
St. Peter, IL38876-24%
Xenia, IL47577-23%
St. Elmo, IL1,29877-23%
Farina, IL64777-23%
Iola, IL14875-25%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mehama, OR14811818%
Center Sandwich, NH14812828%
Gold Hill, CO14812828%
Elgin, AZ14813030%
Sacramento, NM14895-5%
Iola, IL14875-25%
Source: The Iola, IL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.