## Muscatine cost of living index

 Index Muscatine Iowa National Cost of living index 89 90 100 Index Muscatine Iowa National Goods & Services index 94 96 100 Groceries index 103 98 100 Health care index 103 100 100 Housing index 66 73 100 Transportation index 113 101 100 Utilities index 99 98 100
Here we can see a simple outline of the cost of living in Muscatine, IA. As you can see, with the average cost of living in Muscatine, IA being 89, that puts it 1% lower than the average of Iowa and 11% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Muscatine, IA, the price of goods and services are 3% lower than the average of Iowa as well as 6% lower than the nation's average.

## Did you know?

• The cost of living in Muscatine is 1% lower than the Iowa average.
• The cost of living in Muscatine is 11% lower than the national average.
• The cost of housing in Muscatine is 34% lower than the national average.
• Iowa general sales tax is 18% higher than the national average.
• Iowa state income tax is 84% lower than the national average.

## Salary Calculator

Use the salary calculator to compare your current income in Muscatine, IA to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Muscatine, IA, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Muscatine, IA salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

## Median Income & Debt-To-Income Ratio

 Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI) Owners \$62,655 \$5,221 \$1,462 \$1,880 Renters \$30,879 \$2,573 \$720 \$926
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Muscatine, IA as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Muscatine, IA homeowners, is \$62,655. This would allow for a maximum of \$1,462 per month to be spent on housing costs. For renters, the median monthly income is \$30,879 which would result in a maximum of \$720 to be spent on rental costs.

## Iowa Sales Tax

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

## Iowa Income Tax

 State Income Tax (Low) Income Tax (High) Iowa 0.36% 8.98%
For those who live in Muscatine, IA and want to know what the true cost of living is, they ought to look at both the Iowa income tax rate and the Iowa sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Iowa, the sales tax is 6%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Iowa, the income tax rate ranges between 0.36% to 8.98%.

## Goods & Services

 Item Muscatine National avg. Difference Haircut \$12.67 \$17.49 27.6% Beauty Salon \$31.75 \$38.17 16.8% Toothpaste \$3.09 \$2.32 33.1% Shampoo \$0.95 \$1.01 6.1% Movie \$10.72 \$10.72 0.0% Bowling \$13.33 \$13.86 3.8%

## Groceries

 Item Muscatine National avg. Difference Ground Beef \$3.27 \$3.90 16.2% Fried Chicken \$1.69 \$1.40 21.1% Milk \$2.52 \$1.96 28.4% Potatoes \$2.64 \$3.18 17.1% Pizza \$12.95 \$10.39 24.6% Beer \$8.99 \$9.23 2.6%

## Health Care

 Item Muscatine National avg. Difference Optometrist \$87.50 \$106.34 17.7% Doctor \$130.50 \$115.25 13.2% Dentist \$97.50 \$98.38 0.9% Ibuprofen \$8.49 \$9.26 8.3% Lipitor \$515.99 \$466.47 10.6%

## Housing

 Item Muscatine National avg. Difference Home Price \$109,000.00 \$184,700.00 41.0% Avg. Mortgage Payment \$950.53 \$1,273.32 25.4% Apartment Rent \$779.00 \$949.00 17.9%

## Transportation

 Item Muscatine National avg. Difference Gasoline \$2.67 \$2.59 2.9% Tire Balancing \$65.32 \$48.90 33.6%

## Utilities

 Item Muscatine National avg. Difference All Electricity \$159.75 \$167.60 4.7% Phone \$188.52 \$163.42 15.4%
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, State Population Cost of Living Index National Avg. Conesville, IA 617 86 -14% Fredonia, IA 313 88 -12% Stockton, IA 235 86 -14% Letts, IA 410 89 -11% Grandview, IA 449 89 -11% Muscatine, IA 23,909 89 -11%

## Cities with similar population

 City, State Population Cost of Living Index National Avg. Williston, ND 23,902 108 8% Centerville, OH 23,899 98 -2% Corsicana, TX 23,923 90 -10% Fort Washington, MD 23,895 124 24% Champlin, MN 23,929 109 9% Muscatine, IA 23,909 89 -11%
Source: The Muscatine, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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