Cost Of Living in Vinton, 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	Vinton	Iowa	National
Cost of living	92	90	100
Goods & Services	97	96	100
Groceries	97	97	100
Health care	101	99	100
Housing	75	73	100
Transportation	100	98	100
Utilities	103	96	100

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Cost Of Living Quick Facts

The cost of living in Vinton is 2% higher than the Iowa average
The cost of living in Vinton is 8% lower than the national average
Vinton housing is 25% 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	$56,827	$4,736	$1,326	$1,705
Renters	$32,604	$2,717	$761	$978

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Vinton, 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 Vinton, homeowners have a median income of $56,827. Using that number, a maximum of $1,326 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $32,604, which means there is a maximum of $761 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	Vinton	National avg.	Difference
Haircut	$25.80	$24.26	6.3%
Beauty Salon	$35.19	$45.56	22.8%
Toothpaste	$3.83	$3.70	3.5%
Shampoo	$1.35	$1.28	5.2%
Movie	$11.73	$12.13	3.3%
Bowling	$17.11	$18.00	4.9%

Groceries

Item	Vinton	National avg.	Difference
Ground Beef	$5.61	$5.84	3.9%
Fried Chicken	$1.37	$1.57	13.1%
Milk	$4.85	$4.67	3.7%
Potatoes	$4.81	$4.93	2.5%
Pizza	$11.32	$12.09	6.3%
Beer	$9.97	$10.41	4.2%

Health Care

Item	Vinton	National avg.	Difference
Optometrist	$115.67	$125.68	8.0%
Doctor	$158.97	$135.78	17.1%
Dentist	$105.87	$113.29	6.5%
Ibuprofen	$10.57	$10.65	0.7%
Lipitor	$439.90	$468.60	6.1%

Housing

Item	Vinton	National avg.	Difference
Home Price	$130,100.00	$184,700.00	29.6%
Avg. Mortgage Payment	$1,718.48	$2,346.69	26.8%
Apartment Rent	$826.00	$949.00	13.0%

Transportation

Item	Vinton	National avg.	Difference
Gasoline	$3.35	$3.46	3.1%
Tire Balancing	$64.40	$59.92	7.5%

Utilities

Item	Vinton	National avg.	Difference
All Electricity	$205.48	$193.99	5.9%
Phone	$187.56	$192.25	2.4%

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.
Elberon, IA	171	80	19.6%
Garrison, IA	279	81	18.9%
Mount Auburn, IA	157	75	25.3%
Brandon, IA	373	79	21.3%
Keystone, IA	605	89	11.2%
Vinton, IA	5,075	92	8.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hidden Valley, IN	5,075	103	3.0%
Paxtonia, PA	5,075	106	5.7%
Bowie, TX	5,075	98	1.6%
Creve Coeur, IL	5,074	81	19.0%
Timber Pines, FL	5,076	96	4.2%
Vinton, IA	5,075	92	8.4%

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 Vinton, IA