Runnells, Iowa Cost Of Living

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B+

Overall 13%

Goods & Services 10%

Housing 26%

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Runnells	Iowa	National
Cost of living	87	89	100
Goods & Services	90	94	100
Groceries	99	98	100
Health care	92	100	100
Housing	74	73	100
Transportation	93	98	100
Utilities	86	95	100

Key findings

The cost of living in Runnells is 3% lower than the Iowa average
The cost of living in Runnells is 13% lower than the national average
Runnells housing is 26% lower than the national average
Iowa general sales tax is 18% higher than the national average
Iowa state income tax is 87% 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	$76,429	$6,369	$1,783	$2,293
Renters	$31,250	$2,604	$729	$938

Iowa Sales Tax

State	General Sales Tax	With Max Surtax
Iowa	6%	7%

Iowa Income Tax

State	Income Tax (Low)	Income Tax (High)
Iowa	0.33%	8.53%

Goods & Services

Item	Runnells	National avg.	Difference
Haircut	$18.13	$20.27	10.5%
Beauty Salon	$32.12	$40.39	20.5%
Toothpaste	$1.77	$2.36	24.9%
Shampoo	$1.16	$1.08	8.2%
Movie	$9.50	$10.99	13.6%
Bowling	$18.53	$15.49	19.6%

Groceries

Item	Runnells	National avg.	Difference
Ground Beef	$3.49	$4.30	18.8%
Fried Chicken	$1.57	$1.40	12.1%
Milk	$2.34	$2.20	6.1%
Potatoes	$2.65	$3.22	17.6%
Pizza	$10.15	$10.74	5.5%
Beer	$9.18	$9.60	4.3%

Health Care

Item	Runnells	National avg.	Difference
Optometrist	$115.02	$109.73	4.8%
Doctor	$115.47	$118.34	2.4%
Dentist	$80.69	$100.94	20.1%
Ibuprofen	$8.79	$9.93	11.5%
Lipitor	$478.90	$469.53	2.0%

Housing

Item	Runnells	National avg.	Difference
Home Price	$137,800.00	$184,700.00	25.4%
Avg. Mortgage Payment	$993.05	$1,229.62	19.2%
Apartment Rent	$700.00	$949.00	26.2%

Transportation

Item	Runnells	National avg.	Difference
Gasoline	$2.38	$2.71	12.1%
Tire Balancing	$52.56	$51.86	1.4%

Utilities

Item	Runnells	National avg.	Difference
All Electricity	$129.70	$170.84	24.1%
Phone	$184.26	$187.18	1.6%

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	Population	Cost of Living Index	National Avg.
Swan, IA	69	74	26.0%
Valeria, IA	46	76	24.0%
Spring Hill, IA	60	79	21.0%
Knoxville, IA	7,236	80	19.7%
Colfax, IA	1,925	80	19.5%
Runnells, IA	514	87	13.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Central City, AR	514	84	16.3%
Pesotum, IL	514	84	15.6%
Laketon, IN	514	80	19.5%
Seminary, MS	514	83	17.4%
Jackson, NC	514	86	13.9%
Runnells, IA	514	87	13.5%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.