B+
Overall 13%
Goods & Services 1%
Housing 43%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexMarshalltownIowaNational
Cost of living8790100
Goods & Services10196100
Groceries9998100
Health care101100100
Housing5773100
Transportation103101100
Utilities9098100

Key findings

  • The cost of living in Marshalltown is 4% lower than the Iowa average
  • The cost of living in Marshalltown is 13% lower than the national average
  • Marshalltown housing is 43% 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

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Compare Marshalltown, IA Cost of Living

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      Salary Calculator

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      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$57,484$4,790$1,341$1,725
      Renters$33,566$2,797$783$1,007
      The affordability of the housing market in Marshalltown, IA as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Marshalltown homeowners, the median income is $57,484. This indicates that a monthly maximum of $1,341 should be spent by homeowners on all housing related costs. Renters have a median income of $33,566. This indicates that renters would have a maximum of $783 for their rent related monthly costs.

      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

      ItemMarshalltownNational avg.Difference
      Haircut $21.60$17.4923.5%
      Beauty Salon $30.25$38.1720.8%
      Toothpaste $2.52$2.328.6%
      Shampoo $1.19$1.0117.6%
      Movie $8.63$10.7219.5%
      Bowling $17.50$13.8626.3%

      Groceries

      ItemMarshalltownNational avg.Difference
      Ground Beef $3.78$3.903.1%
      Fried Chicken $1.62$1.4016.1%
      Milk $2.04$1.964.0%
      Potatoes $2.70$3.1815.2%
      Pizza $9.76$10.396.1%
      Beer $8.56$9.237.3%

      Health Care

      ItemMarshalltownNational avg.Difference
      Optometrist $109.50$106.343.0%
      Doctor $122.00$115.255.9%
      Dentist $92.75$98.385.7%
      Ibuprofen $9.41$9.261.6%
      Lipitor $517.06$466.4710.8%

      Housing

      ItemMarshalltownNational avg.Difference
      Home Price $98,800.00$184,700.0046.5%
      Avg. Mortgage Payment $1,350.51$1,273.326.1%
      Apartment Rent $633.00$949.0033.3%

      Transportation

      ItemMarshalltownNational avg.Difference
      Gasoline $2.59$2.590.1%
      Tire Balancing $53.96$48.9010.4%

      Utilities

      ItemMarshalltownNational avg.Difference
      All Electricity$139.59$167.6016.7%
      Phone $177.99$163.428.9%
      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.
      Green Mountain, IA12075-25%
      Liscomb, IA29181-19%
      Union, IA48782-18%
      Laurel, IA35882-18%
      Ferguson, IA13782-18%
      Marshalltown, IA27,63787-13%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Garner, NC27,62596-4%
      Kirkwood, MO27,6141077%
      Crofton, MD27,66314040%
      Forest Hills, MI27,66711212%
      Maywood, CA27,67212626%
      Marshalltown, IA27,63787-13%
      Source: The Marshalltown, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.