Panora 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.
IndexPanoraIowaNational
Cost of living8590100
IndexPanoraIowaNational
Goods & Services9396100
Groceries9598100
Health care96100100
Housing6473100
Transportation102101100
Utilities8998100

Key findings

  • The cost of living in Panora is 6% lower than the Iowa average
  • The cost of living in Panora is 15% lower than the national average
  • Panora housing is 36% 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 Panora, IA Cost of Living To Other Cities

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      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$53,654$4,471$1,252$1,610
      Renters$32,031$2,669$747$961

      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

      ItemPanoraNational avg.Difference
      Haircut $17.17$17.491.8%
      Beauty Salon $31.00$38.1718.8%
      Toothpaste $1.94$2.3216.4%
      Shampoo $1.07$1.015.7%
      Movie $9.06$10.7215.5%
      Bowling $17.60$13.8627.0%

      Groceries

      ItemPanoraNational avg.Difference
      Ground Beef $3.23$3.9017.2%
      Fried Chicken $1.71$1.4022.5%
      Milk $2.22$1.9613.1%
      Potatoes $2.20$3.1830.9%
      Pizza $9.99$10.393.9%
      Beer $8.50$9.237.9%

      Health Care

      ItemPanoraNational avg.Difference
      Optometrist $114.14$106.347.3%
      Doctor $123.00$115.256.7%
      Dentist $81.17$98.3817.5%
      Ibuprofen $8.31$9.2610.3%
      Lipitor $492.84$466.475.7%

      Housing

      ItemPanoraNational avg.Difference
      Home Price $115,300.00$184,700.0037.6%
      Avg. Mortgage Payment $1,109.95$1,273.3212.8%
      Apartment Rent $656.00$949.0030.9%

      Transportation

      ItemPanoraNational avg.Difference
      Gasoline $2.61$2.590.5%
      Tire Balancing $52.99$48.908.4%

      Utilities

      ItemPanoraNational avg.Difference
      All Electricity$137.97$167.6017.7%
      Phone $176.49$163.428.0%
      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.
      Bayard, IA45579-21%
      Menlo, IA41076-24%
      Bagley, IA33580-20%
      Casey, IA39178-22%
      Jamaica, IA24282-18%
      Panora, IA1,09785-15%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Shellsburg, IA1,09795-5%
      Ashley, IN1,09779-21%
      St. Georges, DE1,09712121%
      Lake Panorama, IA1,09713232%
      Central High, OK1,09888-12%
      Panora, IA1,09785-15%
      Source: The Panora, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.