Newton, IA Cost Of Living
Cost Of Living In Newton, IA Summary
Cost of living in Newton 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 Newton 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 Newton is 84, with 100 being the average.
The cost of living index in Newton is 0.8x lower than the national average.
Newton ranks as the #20 cheapest in Iowa out of 80.
Newton ranks as the #629 cheapest out of 6,412 in the US.
The median home value in Newton is $126,300.
The median income in Newton is $51,026.
Table Of Contents
Newton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Newton, IA?
According to the most recent data on the cost of living, Newton has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Iowa, Newton has a cost of living index that's 0.9x lower than Iowa's index of 89.
The standard of living in Newton ranks as #20 most affordable out of the 80 places we measured in Iowa. By definition, that implies Newton ranks as the #60 most expensive place in the Hawkeye State.
For more reading on life in Newton, check out:
- Living In Newton
- Newton Crime Report
- Search Homes For Sale In Newton, IA
In Iowa
In America
Newton Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Newton. Here is how it fairs on each of the criteria:
The Services index in Newton is 92.
The Groceries index in Newton is 92.
The Health index in Newton is 90.
The Housing index in Newton is 61.
The Transportation index in Newton is 96.
The Utilities index in Newton is 91.
| Living Expense | Newton | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 84 | 89 | 100 | |
| Services | 92 | 95 | 100 | |
| Groceries | 92 | 98 | 100 | |
| Health | 90 | 99 | 100 | |
| Housing | 61 | 73 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 91 | 94 | 100 | |
Newton, 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 Newton is $126,300.
The Median Rent in Newton is $741.
The Median Income in Newton is $51,026.
The Home Value To Income in Newton is 2.5x.
The Rent To Monthly Income in Newton is 0.17x.
| Statistic | Newton | Iowa | United States |
|---|---|---|---|
| Median Home Value | $126,300 | $160,700 | $244,900 |
| Median Rent | $741 | $845 | $1,163 |
| Median Income | $51,026 | $65,429 | $69,021 |
| Home Value To Income | 2.5x | 2.5x | 3.5x |
| Rent To Monthly Income | 0.17x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Newton, IA Costs By Category
Detailed Newton Services Costs Vs. Iowa
Detailed Newton Groceries Costs Vs. Iowa
Detailed Newton Health Costs Vs. Iowa
Detailed Newton Transportation Costs Vs. Iowa
Detailed Newton Utilities Costs Vs. Iowa
Newton SnackAbility
/10
Cost Of Living In Cities Around Newton
The cost of living varies in the cities and towns around Newton. 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, 1.2x Newton.
Ankeny, IA has a cost of living index of 96, 1.1x Newton.
Ames, IA has a cost of living index of 99, 1.2x Newton.
| City | Population | Cost Of Living | Vs. Newton |
|---|---|---|---|
| West Des Moines, IA | 67,640 | 99 | 1.2x |
| Ankeny, IA | 66,346 | 96 | 1.1x |
| Ames, IA | 65,522 | 99 | 1.2x |
| Urbandale, IA | 45,037 | 99 | 1.2x |
| 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 | 1.2x |
| Norwalk, IA | 12,592 | 91 | 1.1x |
