New Hampton cost of living index

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. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average. The breakdown for each index is as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexNew HamptonIowaNational
Cost of living8090100
IndexNew HamptonIowaNational
Goods & Services9196100
Groceries9298100
Health care92100100
Housing5673100
Transportation94101100
Utilities8698100

Key findings

  • The cost of living in New Hampton is 11% lower than the Iowa average
  • The cost of living in New Hampton is 20% lower than the national average
  • New Hampton housing is 44% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 85% lower than the national average

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Compare New Hampton, IA Cost of Living To Other Cities

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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$49,453$4,121$1,154$1,484
      Renters$23,795$1,983$555$714

      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

      ItemNew HamptonNational avg.Difference
      Haircut $16.57$17.495.3%
      Beauty Salon $20.60$38.1746.0%
      Toothpaste $2.77$2.3219.3%
      Shampoo $0.99$1.012.2%
      Movie $12.04$10.7212.3%
      Bowling $11.00$13.8620.6%

      Groceries

      ItemNew HamptonNational avg.Difference
      Ground Beef $3.12$3.9020.0%
      Fried Chicken $1.58$1.4013.2%
      Milk $1.91$1.962.7%
      Potatoes $2.05$3.1835.6%
      Pizza $9.99$10.393.9%
      Beer $8.99$9.232.6%

      Health Care

      ItemNew HamptonNational avg.Difference
      Optometrist $125.00$106.3417.6%
      Doctor $109.42$115.255.1%
      Dentist $80.33$98.3818.3%
      Ibuprofen $9.07$9.262.1%
      Lipitor $454.89$466.472.5%

      Housing

      ItemNew HamptonNational avg.Difference
      Home Price $101,000.00$184,700.0045.3%
      Avg. Mortgage Payment $1,218.99$1,273.324.3%
      Apartment Rent $566.00$949.0040.4%

      Transportation

      ItemNew HamptonNational avg.Difference
      Gasoline $2.66$2.592.5%
      Tire Balancing $39.99$48.9018.2%

      Utilities

      ItemNew HamptonNational avg.Difference
      All Electricity$127.07$167.6024.2%
      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.
      Bassett, IA6374-26%
      Colwell, IA6778-22%
      Alta Vista, IA30178-22%
      Waucoma, IA23375-25%
      Lawler, IA32475-25%
      New Hampton, IA3,47880-20%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Richwood, NJ3,47813333%
      Altavista, VA3,47885-15%
      Ohioville, PA3,47892-8%
      Mora, MN3,47895-5%
      South Oroville, CA3,4811011%
      New Hampton, IA3,47880-20%
      Source: The New Hampton, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.