B-
Overall 8%
Goods & Services 7%
Housing 17%
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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.
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.
IndexSlaterIowaNational
Cost of living9289100
Goods & Services9394100
Groceries10098100
Health care99100100
Housing8373100
Transportation10698100
Utilities9295100

Key findings

  • The cost of living in Slater is 4% higher than the Iowa average
  • The cost of living in Slater is 8% lower than the national average
  • Slater housing is 17% 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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Compare Slater, IA Cost of Living

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      Salary Calculator

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$77,841$6,487$1,816$2,335
      Renters$47,917$3,993$1,118$1,438

      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

      ItemSlaterNational avg.Difference
      Haircut $23.59$20.2716.3%
      Beauty Salon $33.40$40.3917.3%
      Toothpaste $2.68$2.3613.5%
      Shampoo $2.23$1.08107.2%
      Movie $8.64$10.9921.3%
      Bowling $15.83$15.492.2%

      Groceries

      ItemSlaterNational avg.Difference
      Ground Beef $4.14$4.303.7%
      Fried Chicken $2.14$1.4052.7%
      Milk $2.29$2.204.0%
      Potatoes $3.37$3.224.8%
      Pizza $9.66$10.7410.1%
      Beer $8.98$9.606.4%

      Health Care

      ItemSlaterNational avg.Difference
      Optometrist $109.00$109.730.7%
      Doctor $128.50$118.348.6%
      Dentist $90.50$100.9410.3%
      Ibuprofen $9.36$9.935.8%
      Lipitor $499.65$469.536.4%

      Housing

      ItemSlaterNational avg.Difference
      Home Price $153,400.00$184,700.0016.9%
      Avg. Mortgage Payment $1,247.78$1,229.621.5%
      Apartment Rent $788.00$949.0017.0%

      Transportation

      ItemSlaterNational avg.Difference
      Gasoline $2.74$2.711.2%
      Tire Balancing $59.11$51.8614.0%

      Utilities

      ItemSlaterNational avg.Difference
      All Electricity$148.81$170.8412.9%
      Phone $184.20$187.181.6%
      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

      CityPopulationCost of Living IndexNational Avg.
      Luther, IA1478118.5%
      Boone, IA12,6098514.7%
      Elkhart, IA8158316.7%
      Woodward, IA1,6218712.6%
      Nevada, IA6,7968712.5%
      Slater, IA1,617927.6%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Lewisport, KY1,6178218.3%
      Pewee Valley, KY1,61712423.6%
      Perryville, AR1,6167822.5%
      Dayton, IN1,6168911.2%
      Crystal Falls, MI1,6188020.1%
      Slater, IA1,617927.6%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.