Toronto 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.
IndexTorontoIowaNational
Cost of living index8089100
IndexTorontoIowaNational
Goods & Services index10395100
Groceries index10094100
Health care index10397100
Housing index3073100
Transportation index9999100
Utilities index10495100

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Did you know?

  • The cost of living in Toronto is 10% lower than the Iowa average.
  • The cost of living in Toronto is 20% lower than the national average.
  • The cost of housing in Toronto is 70% 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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Compare Toronto, 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$48,000$4,000$1,120$1,440
Renters$24,688$2,057$576$741

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemTorontoNational avg.Difference
Haircut $17.89$16.0911.2%
Beauty Salon $29.97$37.3319.7%
Toothpaste $2.69$2.4510.0%
Shampoo $0.85$1.0015.4%
Movie $10.24$10.280.4%
Bowling $11.63$4.93135.7%

Groceries

ItemTorontoNational avg.Difference
Ground Beef $4.16$3.809.3%
Fried Chicken $1.40$1.400.2%
Milk $2.20$2.019.4%
Potatoes $3.30$3.019.7%
Pizza $10.72$9.898.5%
Beer $8.38$8.905.8%

Health Care

ItemTorontoNational avg.Difference
Optometrist $91.07$102.1610.9%
Doctor $126.67$108.3616.9%
Dentist $82.83$92.5310.5%
Ibuprofen $9.82$9.285.8%
Lipitor $462.51$425.828.6%

Housing

ItemTorontoNational avg.Difference
Home Price $55,400.00$184,700.0070.0%
Avg. Mortgage Payment $1,043.19$1,202.4413.2%
Apartment Rent $0.00$949.00100.0%

Transportation

ItemTorontoNational avg.Difference
Gasoline $2.24$2.240.3%
Tire Balancing $44.55$46.293.8%

Utilities

ItemTorontoNational avg.Difference
All Electricity$161.72$165.962.6%
Phone $31.98$28.6811.5%
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.
Monmouth, IA16978-22%
Center Junction, IA7980-20%
Oxford Junction, IA41181-19%
Onslow, IA21980-20%
Lost Nation, IA49385-15%
Toronto, IA12080-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fultonham, OH12081-19%
Amesville, OH12081-19%
Divide, CO12093-7%
Tennessee, IL12075-25%
Quemado, NM12095-5%
Toronto, IA12080-20%
Source: The Toronto, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.