Cost of Living in Peterson, IA

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18%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
49%
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 Peterson Iowa National
Cost of living8289100
Groceries9697100
Health care9896100
Housing5174100
Transportation9897100
Utilities9195100
Lifestyle & Entertainment9295100
Household Items9697100
Education & Childcare9694100
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Homes For Sale In Peterson, IA

property for sale

4545 120th Ave

Peterson, IA
property for sale

205 E 3rd St

Peterson, IA
property for sale

112 Pine St

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

Cost Of Living Quick Facts

  • The cost of living in Peterson is 8% lower than the Iowa average
  • The cost of living in Peterson is 18% lower than the national average
  • Peterson housing is 49% 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 Peterson

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Compare Peterson, IA Cost of Living

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      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$96,721$8,060$2,257$2,902
      Renters$89,278$7,440$2,083$2,679

      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.
      Greenville, IA63964.3%
      Rossie, IA87964.3%
      Larrabee, IA1457524.7%
      Truesdale, IA1167822.4%
      Rembrandt, IA1807822.2%
      Peterson, IA4968217.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Dennard, AR4967723.2%
      Mokelumne Hill, CA49613232.0%
      St. Ann Highlands, CO49617170.9%
      Altha, FL4968712.8%
      Sharpsburg, GA496981.7%
      Peterson, IA4968217.8%
      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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