Cost of Living in Nevada, IA

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10%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
22%
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 Nevada Iowa National
Cost of living9089100
Groceries9897100
Health care9596100
Housing7874100
Transportation9697100
Utilities9295100
Lifestyle & Entertainment9295100
Household Items9897100
Education & Childcare9094100
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Homes For Sale In Nevada, IA

property for sale

936 Shagbark Dr

Nevada, IA
property for sale

1318 3rd St

Nevada, IA
property for sale

66677 270th St

Nevada, IA
property for sale

705 Academy Cir

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

Cost Of Living Quick Facts

  • The cost of living in Nevada is equal to the Iowa average
  • The cost of living in Nevada is 10% lower than the national average
  • Nevada housing is 22% 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 Nevada

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Compare Nevada, IA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$100,170$8,348$2,337$3,005
      Renters$46,274$3,856$1,080$1,388
      The affordability of the housing market in Nevada, 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 Nevada homeowners, the median income is $100,170. This indicates that a monthly maximum of $2,337 should be spent by homeowners on all housing related costs. Renters have a median income of $46,274. This indicates that renters would have a maximum of $1,080 for their rent related monthly 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 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      St. Anthony, IA308019.6%
      Rhodes, IA3298118.5%
      Maxwell, IA7658514.9%
      Zearing, IA5618614.2%
      McCallsburg, IA4948613.6%
      Nevada, IA6,9599010.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Robertsdale, AL6,9589010.2%
      DeFuniak Springs, FL6,958945.8%
      Macclenny, FL6,9581010.8%
      Avon, CO6,96015251.6%
      Taylor Mill, KY6,957945.9%
      Nevada, IA6,9599010.2%
      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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