Grinnell, IA Cost Of Living
Cost Of Living In Grinnell, IA Summary
Cost of living in Grinnell 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 Grinnell 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 Grinnell is 89, with 100 being the average.
The cost of living index in Grinnell is 0.9x lower than the national average.
Grinnell ranks as the #42 cheapest in Iowa out of 80.
Grinnell ranks as the #1,460 cheapest out of 6,412 in the US.
The median home value in Grinnell is $151,000.
The median income in Grinnell is $49,045.
Table Of Contents
Grinnell's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Grinnell, IA?
According to the most recent data on the cost of living, Grinnell has an overall cost of living index of 89, which is 0.9x lower than the national index of 100.
Compared to Iowa, Grinnell has a cost of living index that's 1.0x lower than Iowa's index of 89.
The standard of living in Grinnell ranks as #42 most affordable out of the 80 places we measured in Iowa. By definition, that implies Grinnell ranks as the #38 most expensive place in the Hawkeye State.
For more reading on life in Grinnell, check out:
- Living In Grinnell
- Grinnell Crime Report
- Search Homes For Sale In Grinnell, IA
In Iowa
In America
Grinnell Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Grinnell. Here is how it fairs on each of the criteria:
The Services index in Grinnell is 92.
The Groceries index in Grinnell is 95.
The Health index in Grinnell is 90.
The Housing index in Grinnell is 74.
The Transportation index in Grinnell is 96.
The Utilities index in Grinnell is 87.
| Living Expense | Grinnell | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 89 | 89 | 100 | |
| Services | 92 | 95 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 90 | 99 | 100 | |
| Housing | 74 | 73 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 87 | 94 | 100 | |
Grinnell, 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 Grinnell is $151,000.
The Median Rent in Grinnell is $748.
The Median Income in Grinnell is $49,045.
The Home Value To Income in Grinnell is 3.1x.
The Rent To Monthly Income in Grinnell is 0.18x.
| Statistic | Grinnell | Iowa | United States |
|---|---|---|---|
| Median Home Value | $151,000 | $160,700 | $244,900 |
| Median Rent | $748 | $845 | $1,163 |
| Median Income | $49,045 | $65,429 | $69,021 |
| Home Value To Income | 3.1x | 2.5x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Grinnell, IA Costs By Category
Detailed Grinnell Services Costs Vs. Iowa
Detailed Grinnell Groceries Costs Vs. Iowa
Detailed Grinnell Health Costs Vs. Iowa
Detailed Grinnell Transportation Costs Vs. Iowa
Detailed Grinnell Utilities Costs Vs. Iowa
Grinnell SnackAbility
/10
Cost Of Living In Cities Around Grinnell
The cost of living varies in the cities and towns around Grinnell. Here's a quick look at the cost of living in the most populous nearby places:
Des Moines, IA has a cost of living index of 88, 1.0x Grinnell.
Ankeny, IA has a cost of living index of 96, 1.1x Grinnell.
Marshalltown, IA has a cost of living index of 88, 1.0x Grinnell.
| City | Population | Cost Of Living | Vs. Grinnell |
|---|---|---|---|
| Des Moines, IA | 213,545 | 88 | 1.0x |
| Ankeny, IA | 66,346 | 96 | 1.1x |
| Marshalltown, IA | 27,570 | 88 | 1.0x |
| Altoona, IA | 19,345 | 93 | 1.0x |
| Newton, IA | 15,688 | 84 | 0.9x |
| Pella, IA | 10,414 | 92 | 1.0x |
| Pleasant Hill, IA | 10,203 | 94 | 1.1x |
| Knoxville, IA | 7,537 | 83 | 0.9x |
| Nevada, IA | 7,017 | 91 | 1.0x |
