Living in Iowa is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 10.8% less than they do on average nationwide. Compared with all other states, Iowa has the 11th lowest overall cost of living.
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Is it expensive to live in Iowa?
In comparison to other states in the U.S., Iowa is considered one of the most reasonably priced places to reside. In fact, a recent article published by USA Today ranked Iowa the ninth cheapest state to live in.
Is Iowa the cheapest state to live?
Iowa is a great place to live if you want to get the most for your money. In fact, U.S. News & World_Report rated Iowa fourth overall among U.S. states for affordability, taking into account the costs of daily living, housing prices, and family incomes. In housing affordability, Iowa ranked first.
Is it cheaper to live in Illinois or Iowa?
Iowa is 1.0% cheaper than Illinois.
Is Iowa a good place to live?
We have great education. At 99%, Iowa has the highest literacy rate in the country, and at 90%, we have the highest graduation rate, too. Iowa also consistently ranks top in the nation for SAT and ACT test scores. Yay!
What’s the minimum wage in Iowa?
$7.25 per hour
Iowa’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Iowa, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
Where does Iowa rank in cost of living?
Affordability Rankings
| Rank | State | Cost of Living |
|---|---|---|
| 1 | Ohio Ohio | 6 |
| 2 | Oklahoma Oklahoma | 8 |
| 3 | Michigan Michigan | 4 |
| 4 | Iowa Iowa | 17 |
How much does it cost to live in Iowa a month?
Summary about cost of living in Iowa City, IA, United States: Family of four estimated monthly costs are 3,677$ without rent. A single person estimated monthly costs are 1,016$ without rent. Iowa City is 22.99% less expensive than New York (without rent).
What is the best state to live in financially?
Overall ranking of best states for your finances
| Rank | State | Score |
|---|---|---|
| 1 | Tennessee | 4.33 |
| 2 | Utah | 4.45 |
| 3 | Idaho | 4.59 |
| 4 | Arkansas | 4.91 |
Why people are moving to Iowa?
Iowa’s natural scenic views, friendly people, low crime rates, affordable homes, and small-town atmosphere make it one of the most coveted places in the United States. Whether you’re a millennial, a young family, retiree, or even a student, you’ll find a place to call home in Iowa.
What are the pros and cons of living in Iowa?
Summary: Pros And Cons Of Living In Iowa
- Low cost of living.
- Jobs and economic growth.
- Quality educational opportunities.
- Minimal effects of urbanization.
- Low crime rates.
- A 4 season climate.
- Severe and extreme weather conditions.
- High state income tax rates.
Is Iowa a poor state?
The poorest U.S. states can be determined by looking at poverty rates and median household incomes. In 2019, the U.S. poverty rate was 12.3%.
Poorest States 2022.
| State | Mean Household Income |
|---|---|
| Michigan | $78,400 |
| Iowa | $78,411 |
| Kansas | $80,009 |
| Nebraska | $80,208 |
Is Iowa racially diverse?
The U.S. Census Bureau reported Thursday that Iowa remains one of the nation’s least diverse states, with more than 84 percent of its population identifying as white.
What does Walmart pay in Iowa?
Average wage2: $15.66.
How many hours can you legally work in a day in Iowa?
Iowa’s Overtime Laws
The FLSA states that there are no limits on the number of hours an employee may work for an employer in one workweek or workday, but the employer must pay the employee a rate of one and a half hours for all hours an Iowa employee works over 40 hours.
What state has highest minimum wage?
The 10 States with the Highest Minimum Wage Rates in 2022
- Maine $12.75 (tie)
- Arizona $12.80.
- New Jersey $13 (tie)
- Connecticut $13 (tie)
- New York $13.20.
- 8. California $14.
- Massachusetts $14.25.
- Washington $14.49. Washington has been a leading state when it comes to high minimum wages for quite some time.
What is the safest and cheapest state to live in?
The 10 Cheapest States to Live in the U.S.
- Alabama.
- West Virginia.
- Arkansas.
- Indiana.
- Missouri.
- Utah.
- Mississippi.
- Tennessee.
What city has the lowest cost of living?
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.
What is the best state in the US to live in?
Washington State was found to be the best state to live in, while Hawaii ranked last. The chief benefits offered by Washington are an average median income that ranks fourth nationally and the fact that it has no state income tax.
What are the 10 most expensive states to live in?
10 Most Expensive States in the U.S.
- Prices don’t tell the whole story though. Comparing the cost of living with local incomes indicates how relatively affordable goods and services are to the people who live there.
- Hawaii.
- New York.
- Massachusetts.
- 4. California.
- Maryland.
- New Jersey.
- Oregon.
