New Market cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each 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.
IndexNew MarketIowaNational
Cost of living index7789100
IndexNew MarketIowaNational
Goods & Services index9495100
Groceries index9494100
Health care index10197100
Housing index3973100
Transportation index9299100
Utilities index8695100

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Did you know?

  • The cost of living in New Market is 13% lower than the Iowa average.
  • The cost of living in New Market is 23% lower than the national average.
  • The cost of housing in New Market is 61% 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.

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Compare New Market, IA Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,250$4,271$1,196$1,538
Renters$0$0$0$0

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemNew MarketNational avg.Difference
Haircut $17.00$16.095.7%
Beauty Salon $32.86$37.3312.0%
Toothpaste $1.95$2.4520.5%
Shampoo $0.84$1.0016.0%
Movie $9.59$10.286.7%
Bowling $3.70$4.9325.0%

Groceries

ItemNew MarketNational avg.Difference
Ground Beef $3.40$3.8010.7%
Fried Chicken $1.48$1.405.7%
Milk $1.73$2.0113.8%
Potatoes $3.34$3.0110.9%
Pizza $9.49$9.894.0%
Beer $8.26$8.907.2%

Health Care

ItemNew MarketNational avg.Difference
Optometrist $97.13$102.164.9%
Doctor $137.37$108.3626.8%
Dentist $74.14$92.5319.9%
Ibuprofen $9.25$9.280.3%
Lipitor $431.14$425.821.2%

Housing

ItemNew MarketNational avg.Difference
Home Price $55,600.00$184,700.0069.9%
Avg. Mortgage Payment $1,017.45$1,202.4415.4%
Apartment Rent $557.00$949.0041.3%

Transportation

ItemNew MarketNational avg.Difference
Gasoline $1.82$2.2418.8%
Tire Balancing $53.20$46.2914.9%

Utilities

ItemNew MarketNational avg.Difference
All Electricity$161.36$165.962.8%
Phone $21.01$28.6826.8%
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.
Nodaway, IA9193-7%
Yorktown, IA5993-7%
Hepburn, IA3070-30%
Conway, IA1971-29%
Sheridan, MO21772-28%
New Market, IA39377-23%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Spring Grove, IN39379-21%
Old Brownsboro Place, KY39312020%
Brookford, NC39386-14%
Deary, ID39388-12%
Brimhall Nizhoni, NM39376-24%
New Market, IA39377-23%
Source: The New Market, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.