| Index | Iona | Florida | National |
| Cost of living | 114 | 102 | 100 |
| Groceries | 102 | 102 | 100 |
| Health care | 103 | 104 | 100 |
| Housing | 136 | 97 | 100 |
| Transportation | 101 | 103 | 100 |
| Utilities | 115 | 110 | 100 |
| Lifestyle & Entertainment | 104 | 104 | 100 |
| Household Items | 105 | 102 | 100 |
| Education & Childcare | 106 | 106 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Iona? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Iona stands at 114, making it 14% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
Housing costs are a major factor in the Iona cost of living index, and they often eat up a big chunk of your take-home pay. Unfortunately, in this area, housing expenses for both homeownership and rentals were 36.1% higher than what's typical in an average city. That includes the prices of homes and rents, as well as mortgage rates and insurance.
Is Iona an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Iona is 29.4% higher than the national average, while the average monthly rent prices are 51.5% higher than average. The affordability of any location can also be influenced by median income levels. Iona has a median household income of $80,837, which is 0.6% lower than the national average.
Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Iona, the general sales tax rate starts at 6%, and income tax rates begin at 0%.
Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Iona, the transportation index is 0.6% higher than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The cost of living estimates displayed for Iona are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $88,495 | $7,375 | $2,065 | $2,655 |
| Renters | $64,889 | $5,407 | $1,514 | $1,947 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Suncoast Estates, FL | 4,876 | 89 | 11.0% |
| North Fort Myers, FL | 43,810 | 92 | 7.5% |
| Tice, FL | 5,590 | 94 | 5.7% |
| Pine Manor, FL | 4,721 | 96 | 4.0% |
| Harlem Heights, FL | 1,411 | 97 | 3.4% |
| Iona, FL | 14,013 | 114 | 13.9% |
| City | Population | Cost of Living Index | National Avg. |
| Blytheville, AR | 14,019 | 82 | 18.4% |
| Elizabethton, TN | 14,021 | 88 | 11.8% |
| Lake Arbor, MD | 14,004 | 132 | 32.5% |
| Federal Heights, CO | 14,024 | 95 | 5.1% |
| Teays Valley, WV | 14,024 | 103 | 3.2% |
| Iona, FL | 14,013 | 114 | 13.9% |
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