A+
8%
Overall NAT. AVG.
1%
Goods & Services NAT. AVG.
24%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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.
Index Davenport Iowa National
Cost of living9290100
Goods & Services10196100
Groceries9797100
Health care9499100
Housing7673100
Transportation10498100
Utilities8696100

An Overview of Cost of Living in Davenport, IA

Knowing the cost of living in Davenport allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Davenport stands at 92, marking it 8% lower than the national average.

The cost of living in Davenport aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Davenport residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

What Do Locals Say About the Cost of Living in Davenport?

The real experts on a city are its residents. That's why we reached out to 13 locals to get their views on the cost of living in Davenport. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 77% found it budget-friendly with decreasing prices, while 23% said it's simply not affordable as prices have continued to rise.

Is Davenport Affordable?

Is Davenport affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Davenport, for instance, where the median home price falls 26.8% lower than the national average, and monthly rent rates are 17.2% lower than usual. Additionally, median income levels contribute to the equation, with Davenport flaunting a median household income of $53,140, 3.9% lower than the national norm.

What Factors can Influence the Cost of Living in Davenport?

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Davenport, the utilities index registers 13.9% lower than the national average.

Taxes: Locations with elevated tax rates, encompassing both sales and income taxes, can be a factor in driving up the cost of living. When you're paying more in taxes for everyday goods and services, it naturally translates into higher expenses. Similarly, a higher income tax rate can also contribute to an overall higher cost of living. In Davenport, the standard sales tax rate starts at 6%, and the income tax rates commence at 0.33%.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Davenport, healthcare costs are 5.6% lower than the national average.

Where is the Data From?

The cost of living data in Davenport displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Davenport is 2% higher than the Iowa average
  • The cost of living in Davenport is 8% lower than the national average
  • Davenport housing is 24% 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 Davenport

See all the best places to live around Davenport

Compare Davenport, IA Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      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$70,391$5,866$1,642$2,112
      Renters$31,928$2,661$745$958
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Davenport, IA, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Davenport, homeowners have a median income of $70,391. Using that number, a maximum of $1,642 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $31,928, which means there is a maximum of $745 to be spent on the costs of renting a home or apartment.

      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%

      Goods & Services

      Item Davenport National avg. Difference
      Haircut $27.83$24.2614.7%
      Beauty Salon $46.89$45.562.9%
      Toothpaste $3.82$3.703.1%
      Shampoo $1.30$1.281.5%
      Movie $11.85$12.132.4%
      Bowling $18.50$18.002.8%

      Groceries

      Item Davenport National avg. Difference
      Ground Beef $5.67$5.842.9%
      Fried Chicken $1.35$1.5714.2%
      Milk $4.63$4.670.8%
      Potatoes $4.73$4.934.1%
      Pizza $11.49$12.094.9%
      Beer $9.86$10.415.3%

      Health Care

      Item Davenport National avg. Difference
      Optometrist $134.20$125.686.8%
      Doctor $140.02$135.783.1%
      Dentist $93.33$113.2917.6%
      Ibuprofen $10.72$10.650.6%
      Lipitor $454.61$468.603.0%

      Housing

      Item Davenport National avg. Difference
      Home Price $135,200.00$184,700.0026.8%
      Avg. Mortgage Payment $1,900.08$2,346.6919.0%
      Apartment Rent $786.00$949.0017.2%

      Transportation

      Item Davenport National avg. Difference
      Gasoline $3.37$3.462.5%
      Tire Balancing $72.71$59.9221.4%

      Utilities

      Item Davenport National avg. Difference
      All Electricity $153.70$193.9920.8%
      Phone $186.06$192.253.2%
      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.
      Rock Island Arsenal, IL353981.6%
      Oak Grove, IL4277822.2%
      Panorama Park, IA2128713.0%
      Stockton, IA1608712.7%
      Carbon Cliff, IL1,9378812.4%
      Davenport, IA102,199928.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Renton, WA101,87114544.8%
      South Bend, IN102,6868218.2%
      Nanaimo, BC101,513n/a 
      Kamloops, BC101,505n/a 
      Sparks, NV102,89512019.7%
      Davenport, IA102,199928.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.