B+
Overall 12%
Goods & Services 5%
Housing 36%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexLarchwoodIowaNational
Cost of living8890100
Goods & Services9596100
Groceries10297100
Health care120100100
Housing6473100
Transportation99100100
Utilities9697100

Key findings

  • The cost of living in Larchwood is 2% lower than the Iowa average
  • The cost of living in Larchwood is 12% lower than the national average
  • Larchwood housing is 36% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 87% lower than the national average

Most Affordable Places to Live in and Around Larchwood

See all the best places to live around Larchwood

Compare Larchwood, IA Cost of Living

      vs
      How would you rate the cost of living in Larchwood?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Larchwood?
      Write a review to give others more information about this area.
      See all Larchwood poll results

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$59,792$4,983$1,395$1,794
      Renters$40,208$3,351$938$1,206

      Iowa Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Iowa6%7%

      Iowa Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Iowa0.33%8.53%

      Goods & Services

      ItemLarchwoodNational avg.Difference
      Haircut $21.16$18.6213.6%
      Beauty Salon $30.55$39.0521.8%
      Toothpaste $2.27$2.343.2%
      Shampoo $0.92$1.0613.2%
      Movie $8.83$10.6817.4%
      Bowling $9.17$14.6737.5%

      Groceries

      ItemLarchwoodNational avg.Difference
      Ground Beef $4.86$4.2215.1%
      Fried Chicken $1.64$1.3918.1%
      Milk $2.14$2.054.4%
      Potatoes $3.84$3.2916.7%
      Pizza $11.66$10.629.7%
      Beer $8.98$9.384.2%

      Health Care

      ItemLarchwoodNational avg.Difference
      Optometrist $125.17$108.5715.3%
      Doctor $204.33$116.1775.9%
      Dentist $101.00$99.131.9%
      Ibuprofen $10.68$9.6810.4%
      Lipitor $375.37$466.9219.6%

      Housing

      ItemLarchwoodNational avg.Difference
      Home Price $120,300.00$184,700.0034.9%
      Avg. Mortgage Payment $773.91$1,197.4235.4%
      Apartment Rent $591.00$949.0037.7%

      Transportation

      ItemLarchwoodNational avg.Difference
      Gasoline $2.20$2.220.9%
      Tire Balancing $47.72$50.074.7%

      Utilities

      ItemLarchwoodNational avg.Difference
      All Electricity$157.58$167.676.0%
      Phone $182.10$175.643.7%
      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.
      Alvord, IA23683-17%
      Lester, IA26985-15%
      Beaver Creek, MN37586-14%
      Hills, MN72886-14%
      Rock Rapids, IA2,56986-14%
      Larchwood, IA86588-12%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Rimersburg, PA86588-12%
      Faith, NC86595-5%
      Blue Mounds, WI8651022%
      Arena, WI86597-3%
      Blue Hill, ME86511717%
      Larchwood, IA86588-12%
      Source: The Larchwood, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.