Cost Of Living in Letts, IA

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	Letts	Iowa	National
Cost of living	85	90	100
Goods & Services	101	96	100
Groceries	97	97	100
Health care	94	99	100
Housing	52	73	100
Transportation	104	98	100
Utilities	86	96	100

New Real Estate Listings in Letts Area

For Sale For Rent

Search

Search Homes for Sale in Letts, IA

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Letts is 6% lower than the Iowa average
The cost of living in Letts is 15% lower than the national average
Letts housing is 48% 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 Letts

See all the best places to live around Letts

Compare Letts, IA Cost of Living

Write a review to give others more information about this area.

See all Letts poll results

The best places in Iowa

Here are the best places to live in Iowa

Safest Cities In The US

See the best places to live in Letts

Check out the 10 safest cities in Iowa

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	$57,500	$4,792	$1,342	$1,725
Renters	$0	$0	$0	$0

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	Letts	National avg.	Difference
Haircut	$27.83	$24.26	14.7%
Beauty Salon	$46.89	$45.56	2.9%
Toothpaste	$3.82	$3.70	3.1%
Shampoo	$1.30	$1.28	1.5%
Movie	$11.85	$12.13	2.4%
Bowling	$18.50	$18.00	2.8%

Groceries

Item	Letts	National avg.	Difference
Ground Beef	$5.67	$5.84	2.9%
Fried Chicken	$1.35	$1.57	14.2%
Milk	$4.63	$4.67	0.8%
Potatoes	$4.73	$4.93	4.1%
Pizza	$11.49	$12.09	4.9%
Beer	$9.86	$10.41	5.3%

Health Care

Item	Letts	National avg.	Difference
Optometrist	$134.20	$125.68	6.8%
Doctor	$140.02	$135.78	3.1%
Dentist	$93.33	$113.29	17.6%
Ibuprofen	$10.72	$10.65	0.6%
Lipitor	$454.61	$468.60	3.0%

Housing

Item	Letts	National avg.	Difference
Home Price	$80,000.00	$184,700.00	56.7%
Avg. Mortgage Payment	$1,900.08	$2,346.69	19.0%
Apartment Rent	$690.00	$949.00	27.3%

Transportation

Item	Letts	National avg.	Difference
Gasoline	$3.37	$3.46	2.5%
Tire Balancing	$72.71	$59.92	21.4%

Utilities

Item	Letts	National avg.	Difference
All Electricity	$153.70	$193.99	20.8%
Phone	$186.06	$192.25	3.2%

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.
Conesville, IA	534	82	17.8%
New Boston, IL	515	83	16.7%
Columbus City, IA	388	83	17.1%
Fredonia, IA	234	83	17.1%
Nichols, IA	376	84	16.1%
Letts, IA	334	85	15.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Eckley, CO	334	88	12.2%
Kapalua, HI	334	335	234.6%
Crawfordsville, IA	334	85	15.4%
Bazine, KS	334	76	23.7%
Clarks, NE	334	78	21.5%
Letts, IA	334	85	15.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Letts, IA