Cost Of Living in Ringsted, 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	Ringsted	Iowa	National
Cost of living	77	90	100
Goods & Services	98	96	100
Groceries	99	97	100
Health care	111	99	100
Housing	29	73	100
Transportation	95	98	100
Utilities	92	96	100

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Cost Of Living Quick Facts

The cost of living in Ringsted is 14% lower than the Iowa average
The cost of living in Ringsted is 23% lower than the national average
Ringsted housing is 71% 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

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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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$41,607	$3,467	$971	$1,248
Renters	$55,000	$4,583	$1,283	$1,650

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	Ringsted	National avg.	Difference
Haircut	$25.06	$24.26	3.3%
Beauty Salon	$40.42	$45.56	11.3%
Toothpaste	$3.74	$3.70	1.1%
Shampoo	$1.45	$1.28	13.5%
Movie	$10.06	$12.13	17.1%
Bowling	$15.00	$18.00	16.7%

Groceries

Item	Ringsted	National avg.	Difference
Ground Beef	$5.78	$5.84	1.1%
Fried Chicken	$1.41	$1.57	10.4%
Milk	$4.58	$4.67	1.9%
Potatoes	$4.68	$4.93	5.2%
Pizza	$12.97	$12.09	7.3%
Beer	$9.18	$10.41	11.8%

Health Care

Item	Ringsted	National avg.	Difference
Optometrist	$144.10	$125.68	14.7%
Doctor	$181.22	$135.78	33.5%
Dentist	$110.22	$113.29	2.7%
Ibuprofen	$11.40	$10.65	7.0%
Lipitor	$486.32	$468.60	3.8%

Housing

Item	Ringsted	National avg.	Difference
Home Price	$31,200.00	$184,700.00	83.1%
Avg. Mortgage Payment	$1,813.63	$2,346.69	22.7%
Apartment Rent	$535.00	$949.00	43.6%

Transportation

Item	Ringsted	National avg.	Difference
Gasoline	$3.31	$3.46	4.2%
Tire Balancing	$54.83	$59.92	8.5%

Utilities

Item	Ringsted	National avg.	Difference
All Electricity	$169.27	$193.99	12.7%
Phone	$191.10	$192.25	0.6%

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

City	Population	Cost of Living Index	National Avg.
Gruver, IA	56	74	25.6%
Dolliver, IA	70	78	22.3%
Fenton, IA	232	79	21.2%
Swea City, IA	639	78	22.0%
Lone Rock, IA	179	81	19.5%
Ringsted, IA	472	77	23.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
West Point, AL	472	87	13.3%
Concow, CA	472	107	6.6%
Cowan, CA	472	111	10.7%
Peters, CA	472	149	48.5%
Amana, IA	472	101	0.7%
Ringsted, IA	472	77	23.1%

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 Ringsted, IA