Algona, IA Cost Of Living
Cost Of Living In Algona, IA Summary
Cost of living in Algona research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Algona is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Iowa, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Algona is 87, with 100 being the average.
The cost of living index in Algona is 0.9x lower than the national average.
Algona ranks as the #32 cheapest in Iowa out of 80.
Algona ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Algona is $134,800.
The median income in Algona is $49,313.
Table Of Contents
Algona's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Algona, IA?
According to the most recent data on the cost of living, Algona has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Iowa, Algona has a cost of living index that's 1.0x lower than Iowa's index of 89.
The standard of living in Algona ranks as #32 most affordable out of the 80 places we measured in Iowa. By definition, that implies Algona ranks as the #48 most expensive place in the Hawkeye State.
For more reading on life in Algona, check out:
- Living In Algona
- Algona Crime Report
- Search Homes For Sale In Algona, IA
In Iowa
In America
Algona Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Algona. Here is how it fairs on each of the criteria:
The Services index in Algona is 95.
The Groceries index in Algona is 88.
The Health index in Algona is 100.
The Housing index in Algona is 63.
The Transportation index in Algona is 90.
The Utilities index in Algona is 108.
| Living Expense | Algona | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 87 | 89 | 100 | |
| Services | 95 | 95 | 100 | |
| Groceries | 88 | 98 | 100 | |
| Health | 100 | 99 | 100 | |
| Housing | 63 | 73 | 100 | |
| Transportation | 90 | 98 | 100 | |
| Utilities | 108 | 94 | 100 | |
Algona, IA Housing Cost Breakdown
Housing swings affordability the most between places in Iowa, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Algona is $134,800.
The Median Rent in Algona is $789.
The Median Income in Algona is $49,313.
The Home Value To Income in Algona is 2.7x.
The Rent To Monthly Income in Algona is 0.19x.
| Statistic | Algona | Iowa | United States |
|---|---|---|---|
| Median Home Value | $134,800 | $160,700 | $244,900 |
| Median Rent | $789 | $845 | $1,163 |
| Median Income | $49,313 | $65,429 | $69,021 |
| Home Value To Income | 2.7x | 2.5x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Algona, IA Costs By Category
Detailed Algona Services Costs Vs. Iowa
Detailed Algona Groceries Costs Vs. Iowa
Detailed Algona Health Costs Vs. Iowa
Detailed Algona Transportation Costs Vs. Iowa
Detailed Algona Utilities Costs Vs. Iowa
Algona SnackAbility
/10
Cost Of Living In Cities Around Algona
The cost of living varies in the cities and towns around Algona. Here's a quick look at the cost of living in the most populous nearby places:
Fort Dodge, IA has a cost of living index of 85, 1.0x Algona.
Spencer, IA has a cost of living index of 87, 1.0x Algona.
Fairmont, MN has a cost of living index of 89, 1.0x Algona.
| City | Population | Cost Of Living | Vs. Algona |
|---|---|---|---|
| Fort Dodge, IA | 24,826 | 85 | 1.0x |
| Spencer, IA | 11,292 | 87 | 1.0x |
| Fairmont, MN | 10,465 | 89 | 1.0x |
| Clear Lake, IA | 7,673 | 90 | 1.0x |
| Estherville, IA | 5,904 | 84 | 1.0x |
