B+
5%
Overall NAT. AVG.
5%
Goods & Services NAT. AVG.
30%
Housing NAT. AVG.
Search Homes for Sale
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 Waukee Iowa National
Cost of living10590100
Goods & Services9596100
Groceries9997100
Health care9499100
Housing13073100
Transportation9198100
Utilities8796100

An Overview of Cost of Living in Waukee, IA

Are you thinking about relocating, but curious about the potential cost of living in Waukee? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Waukee stands at 105, making it 5% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Waukee is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

Housing costs make up a big chunk of the cost of living in Waukee, and they usually eat into a large part of your take-home pay. Unfortunately, in this area, both buying a home and renting one costs 30% more than the average city. This includes stuff like home prices, rent, mortgage rates, and insurance.

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

Locals have the inside scoop on their city. So, we polled 12 residents in Waukee to learn how they view the cost of living. We asked how they felt about the cost of living in their area, and if they thought that prices were increasing, decreasing or staying the same. The verdict? 42% find it reasonable with decreasing prices, but 58% think it's quite pricey, with prices that continue to rise.

Is Waukee Affordable?

Is Waukee an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Waukee is 34.5% higher than the national average, while the average monthly rent prices are 19.4% higher than average. The affordability of any location can also be influenced by median income levels. Waukee has a median household income of $94,371, which is 70.6% higher than the national average.

What Factors can Influence the Cost of Living in Waukee?

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Waukee, the transportation index is 9.1% lower than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Waukee, the housing index stands at 30% higher than the national average.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Waukee, healthcare costs are 5.8% lower than the national average.

Where is the Data From?

The Waukee cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

New Real Estate Listings in Waukee Area
Search Homes for Sale in Waukee, IA

Cost Of Living Quick Facts

  • The cost of living in Waukee is 17% higher than the Iowa average
  • The cost of living in Waukee is 5% higher than the national average
  • Waukee housing is 30% higher 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 Waukee

See all the best places to live around Waukee

Compare Waukee, IA Cost of Living

      vs
      How would you rate the cost of living in Waukee?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Waukee?
      Write a review to give others more information about this area.
      See all Waukee poll results

      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$115,000$9,583$2,683$3,450
      Renters$68,795$5,733$1,605$2,064
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Waukee, IA, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Waukee homeowners, is $115,000. This would allow for a maximum of $2,683 per month to be spent on housing costs. For renters, the median monthly income is $68,795 which would result in a maximum of $1,605 to be spent on rental costs.

      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 Waukee National avg. Difference
      Haircut $20.63$24.2615.0%
      Beauty Salon $41.00$45.5610.0%
      Toothpaste $3.69$3.700.3%
      Shampoo $1.35$1.285.6%
      Movie $11.17$12.137.9%
      Bowling $20.87$18.0015.9%

      Groceries

      Item Waukee National avg. Difference
      Ground Beef $6.36$5.848.9%
      Fried Chicken $1.38$1.5712.6%
      Milk $4.82$4.673.2%
      Potatoes $4.81$4.932.6%
      Pizza $11.84$12.092.0%
      Beer $9.82$10.415.7%

      Health Care

      Item Waukee National avg. Difference
      Optometrist $125.17$125.680.4%
      Doctor $129.05$135.785.0%
      Dentist $96.60$113.2914.7%
      Ibuprofen $10.88$10.652.1%
      Lipitor $495.45$468.605.7%

      Housing

      Item Waukee National avg. Difference
      Home Price $248,400.00$184,700.0034.5%
      Avg. Mortgage Payment $1,877.36$2,346.6920.0%
      Apartment Rent $1,133.00$949.0019.4%

      Transportation

      Item Waukee National avg. Difference
      Gasoline $3.19$3.467.8%
      Tire Balancing $52.49$59.9212.4%

      Utilities

      Item Waukee National avg. Difference
      All Electricity $154.71$193.9920.3%
      Phone $186.87$192.252.8%
      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.
      Spring Hill, IA488416.2%
      Minburn, IA4018514.5%
      De Soto, IA9879010.0%
      Des Moines, IA215,408909.9%
      Dallas Center, IA1,710927.6%
      Waukee, IA22,5981054.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Cockeysville, MD22,60212323.5%
      Munster, IN22,6041099.0%
      Trussville, AL22,59011110.6%
      East Peoria, IL22,6158910.7%
      Junction City, KS22,616927.9%
      Waukee, IA22,5981054.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.