Olin, IA Cost Of Living

Olin 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.
Index	Olin	Iowa	National
Cost of living index	84	89	100
Index	Olin	Iowa	National
Goods & Services index	95	95	100
Groceries index	96	94	100
Health care index	104	97	100
Housing index	53	73	100
Transportation index	104	99	100
Utilities index	101	95	100

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The cost of living in Olin is 5% lower than the Iowa average.
The cost of living in Olin is 16% lower than the national average.
The cost of housing in Olin is 47% 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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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$55,357	$4,613	$1,292	$1,661
Renters	$30,804	$2,567	$719	$924

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%

Goods & Services

Item	Olin	National avg.	Difference
Haircut	$18.59	$16.09	15.6%
Beauty Salon	$37.28	$37.33	0.1%
Toothpaste	$2.24	$2.45	8.5%
Shampoo	$0.85	$1.00	15.0%
Movie	$10.00	$10.28	2.8%
Bowling	$3.61	$4.93	26.8%

Groceries

Item	Olin	National avg.	Difference
Ground Beef	$3.84	$3.80	1.0%
Fried Chicken	$1.47	$1.40	5.5%
Milk	$1.97	$2.01	1.9%
Potatoes	$2.66	$3.01	11.7%
Pizza	$8.66	$9.89	12.4%
Beer	$8.74	$8.90	1.8%

Health Care

Item	Olin	National avg.	Difference
Optometrist	$120.35	$102.16	17.8%
Doctor	$128.23	$108.36	18.3%
Dentist	$82.63	$92.53	10.7%
Ibuprofen	$9.41	$9.28	1.4%
Lipitor	$457.54	$425.82	7.4%

Housing

Item	Olin	National avg.	Difference
Home Price	$83,900.00	$184,700.00	54.6%
Avg. Mortgage Payment	$1,140.48	$1,202.44	5.2%
Apartment Rent	$666.00	$949.00	29.8%

Transportation

Item	Olin	National avg.	Difference
Gasoline	$2.16	$2.24	3.7%
Tire Balancing	$56.31	$46.29	21.6%

Utilities

Item	Olin	National avg.	Difference
All Electricity	$189.42	$165.96	14.1%
Phone	$25.00	$28.68	12.8%

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, State	Population	Cost of Living Index	National Avg.
Toronto, IA	120	80	-20%
Monmouth, IA	169	78	-22%
Center Junction, IA	79	80	-20%
Oxford Junction, IA	411	81	-19%
Morley, IA	128	81	-19%
Olin, IA	721	84	-16%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lafayette, VA	721	100	0%
Patterson Springs, NC	721	83	-17%
Elloree, SC	721	90	-10%
Hawley, TX	721	84	-16%
Plains, GA	721	82	-18%
Olin, IA	721	84	-16%

Source: The Olin, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Olin, IA Cost of Living