| Index | Keokuk | Iowa | National |
| Cost of living | 84 | 89 | 100 |
| Groceries | 98 | 97 | 100 |
| Health care | 99 | 96 | 100 |
| Housing | 51 | 74 | 100 |
| Transportation | 100 | 97 | 100 |
| Utilities | 99 | 95 | 100 |
| Lifestyle & Entertainment | 100 | 95 | 100 |
| Household Items | 101 | 97 | 100 |
| Education & Childcare | 95 | 94 | 100 |
The cost of living in Keokuk affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Keokuk is 84, which is 16% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
It's not uncommon for housing expenses to eat up a substantial portion of your income, oten exceeding 30%. The good news is that Keokuk stands out by reporting housing costs that are 49.1% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more affordable compared to the rest of the country. This favorable housing situation allows residents to allocate a more manageable portion of their income to housing, resulting in greater financial flexibility.
Is Keokuk affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Keokuk, the median home price is 58.3% lower than the national average and monthly rent prices are 27.8% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Keokuk boasting a median household income of $64,204, 21.1% lower than the national average.
Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Keokuk, the utilities index registers at 1.5% 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 Keokuk, the general sales tax rate starts at 6%, and income tax rates begin at 4.4%.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Keokuk, the transportation index is 0.3% lower than the national average.
The Keokuk cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
| 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 | $83,158 | $6,930 | $1,940 | $2,495 |
| Renters | $33,191 | $2,766 | $774 | $996 |
| State | General Sales Tax | With Max Surtax |
| Iowa | 6% | 7% |
| State | Income Tax (Low) | Income Tax (High) |
| Iowa | 4.4% | 6% |
| City | Population | Cost of Living Index | National Avg. |
| Basco, IL | 88 | 75 | 25.0% |
| West Point, IL | 223 | 76 | 23.8% |
| Alexandria, MO | 107 | 76 | 23.6% |
| Revere, MO | 36 | 77 | 22.7% |
| Elvaston, IL | 158 | 80 | 20.5% |
| Keokuk, IA | 10,556 | 84 | 15.7% |
| City | Population | Cost of Living Index | National Avg. |
| Lantana, TX | 10,556 | 144 | 43.6% |
| Bonham, TX | 10,558 | 87 | 12.7% |
| Independence, OR | 10,559 | 111 | 11.2% |
| Cottage Grove, OR | 10,550 | 107 | 6.5% |
| Bee Ridge, FL | 10,562 | 116 | 16.4% |
| Keokuk, IA | 10,556 | 84 | 15.7% |
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