Cost of Living in Iona, MN

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22%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
64%
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 Iona Minnesota National
Cost of living78100100
Groceries98100100
Health care95100100
Housing36100100
Transportation93100100
Utilities104104100
Lifestyle & Entertainment93100100
Household Items95100100
Education & Childcare9899100
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Homes For Sale In Iona, MN

property for sale

10753 Knauf AVE

Iona, MN
property for sale

351 Hansen St

Iona, MN
property for sale

220 Grace Ave

Iona, MN
See the Newest Homes For Sale In Iona, MN

Cost Of Living Quick Facts

  • The cost of living in Iona is 22% lower than the Minnesota average
  • The cost of living in Iona is 22% lower than the national average
  • Iona housing is 64% lower than the national average
  • Minnesota general sales tax is 35% higher than the national average
  • Minnesota state income tax is 106% higher than the national average

Most Affordable Places to Live in and Around Iona

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      Salary Calculator

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      Utilities index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$89,970$7,498$2,099$2,699
      Renters$32,374$2,698$755$971

      Minnesota Sales Tax

      State General Sales Tax With Max Surtax
      Minnesota 6.875% 7.875%

      Minnesota Income Tax

      State Income Tax (Low) Income Tax (High)
      Minnesota 5.35% 9.85%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hadley, MN57963.5%
      Dovray, MN437426.0%
      Kenneth, MN617524.6%
      Leota, MN1597822.0%
      Lake Wilson, MN2257921.4%
      Iona, MN1767821.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Chickaloon, AK17611312.5%
      Silver Springs, AK17611919.4%
      White Mountain, AK176981.8%
      Ethelsville, AL176964.4%
      Caulksville, AR1768514.8%
      Iona, MN1767821.8%
      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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