Boone, IA Cost Of Living
Cost Of Living In Boone, IA Summary
Cost of living in Boone 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 Boone 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 Boone is 87, with 100 being the average.
The cost of living index in Boone is 0.9x lower than the national average.
Boone ranks as the #32 cheapest in Iowa out of 80.
Boone ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Boone is $118,100.
The median income in Boone is $61,997.
Table Of Contents
Boone's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Boone, IA?
According to the most recent data on the cost of living, Boone has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Iowa, Boone has a cost of living index that's 1.0x lower than Iowa's index of 89.
The standard of living in Boone ranks as #32 most affordable out of the 80 places we measured in Iowa. By definition, that implies Boone ranks as the #48 most expensive place in the Hawkeye State.
For more reading on life in Boone, check out:
- Living In Boone
- Boone Crime Report
- Search Homes For Sale In Boone, IA
In Iowa
In America
Boone Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Boone. Here is how it fairs on each of the criteria:
The Services index in Boone is 101.
The Groceries index in Boone is 101.
The Health index in Boone is 101.
The Housing index in Boone is 61.
The Transportation index in Boone is 106.
The Utilities index in Boone is 89.
| Living Expense | Boone | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 87 | 89 | 100 | |
| Services | 101 | 95 | 100 | |
| Groceries | 101 | 98 | 100 | |
| Health | 101 | 99 | 100 | |
| Housing | 61 | 73 | 100 | |
| Transportation | 106 | 98 | 100 | |
| Utilities | 89 | 94 | 100 | |
Boone, 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 Boone is $118,100.
The Median Rent in Boone is $780.
The Median Income in Boone is $61,997.
The Home Value To Income in Boone is 1.9x.
The Rent To Monthly Income in Boone is 0.15x.
| Statistic | Boone | Iowa | United States |
|---|---|---|---|
| Median Home Value | $118,100 | $160,700 | $244,900 |
| Median Rent | $780 | $845 | $1,163 |
| Median Income | $61,997 | $65,429 | $69,021 |
| Home Value To Income | 1.9x | 2.5x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Boone, IA Costs By Category
Detailed Boone Services Costs Vs. Iowa
Detailed Boone Groceries Costs Vs. Iowa
Detailed Boone Health Costs Vs. Iowa
Detailed Boone Transportation Costs Vs. Iowa
Detailed Boone Utilities Costs Vs. Iowa
Boone SnackAbility
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Cost Of Living In Cities Around Boone
The cost of living varies in the cities and towns around Boone. Here's a quick look at the cost of living in the most populous nearby places:
West Des Moines, IA has a cost of living index of 99, 1.1x Boone.
Ankeny, IA has a cost of living index of 96, 1.1x Boone.
Ames, IA has a cost of living index of 99, 1.1x Boone.
| City | Population | Cost Of Living | Vs. Boone |
|---|---|---|---|
| West Des Moines, IA | 67,640 | 99 | 1.1x |
| Ankeny, IA | 66,346 | 96 | 1.1x |
| Ames, IA | 65,522 | 99 | 1.1x |
| Urbandale, IA | 45,037 | 99 | 1.1x |
| Waukee, IA | 23,441 | 95 | 1.1x |
| Johnston, IA | 23,418 | 104 | 1.2x |
| Altoona, IA | 19,345 | 93 | 1.1x |
| Clive, IA | 18,323 | 102 | 1.2x |
| Grimes, IA | 14,842 | 98 | 1.1x |
| Norwalk, IA | 12,592 | 91 | 1.0x |
