Cost of Living in Iowa City, IA
2024 data from the Bureau of Economic Analysis
Cost Index
91.5
8.5% below avg
Housing Index
84.0
Median Income
$72,680
Median Rent
$1,057/mo
Cost Breakdown
Overall91.5 (-8.5%)
Housing84.0 (-16.0%)
Goods93.7 (-6.3%)
Utilities83.7 (-16.3%)
Other Services92.9 (-7.1%)
National average = 100
Income & Housing
Median Household Income
$72,680/year
Median Home Value
$265,500
Median Monthly Rent
$1,057/mo
Per Capita Income
$41,313/year
Compare Iowa City, IA With
Iowa City, IA vs Evansville, INIowa City, IA vs Chattanooga, TNIowa City, IA vs Toledo, OHIowa City, IA vs Lincoln, NEIowa City, IA vs Fond du Lac, WIIowa City, IA vs Birmingham, ALIowa City, IA vs Fayetteville, ARIowa City, IA vs Michigan City, INIowa City, IA vs Des Moines, IAIowa City, IA vs Lubbock, TX
Frequently Asked Questions
Is Iowa City, IA expensive to live in?
Iowa City, IA has a cost of living index of 91.5, which is 8.5% below the national average.
How much does housing cost in Iowa City, IA?
Housing costs in Iowa City, IA are indexed at 84.0 compared to the national average of 100. The median monthly rent is $1,057.
What is the average income in Iowa City, IA?
The median household income in Iowa City, IA is $72,680 per year.
What is the average home price in Iowa City, IA?
The median home value in Iowa City, IA is $265,500.