Cost of Living in Madrid, IA

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10%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
21%
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 Madrid Iowa National
Cost of living9089100
Groceries9897100
Health care9596100
Housing7974100
Transportation9697100
Utilities9295100
Lifestyle & Entertainment9295100
Household Items9897100
Education & Childcare9094100
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Homes For Sale In Madrid, IA

property for sale

309 E 1st St

Madrid, IA
property for sale

2175 Qm Ave

Madrid, IA
property for sale

1958 S Ave

Madrid, IA
property for sale

207 N Union St

Madrid, IA
See the Newest Homes For Sale In Madrid, IA

Cost Of Living Quick Facts

  • The cost of living in Madrid is 1% higher than the Iowa average
  • The cost of living in Madrid is 10% lower than the national average
  • Madrid housing is 21% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Madrid

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Compare Madrid, IA Cost of Living

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      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$110,475$9,206$2,578$3,315
      Renters$63,181$5,265$1,474$1,896

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Bouton, IA1698020.3%
      Perry, IA7,8208613.9%
      Minburn, IA4138811.6%
      Ogden, IA1,8098713.3%
      Boone, IA12,8258713.2%
      Madrid, IA2,660909.9%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Webster County, GA2,6608019.6%
      Henniker, NH2,6601088.1%
      Fillmore, UT2,660973.1%
      Bonaventure, QC2,660n/a 
      Premont, TX2,6598416.0%
      Madrid, IA2,660909.9%
      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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