Norwalk, IA Cost Of Living
Cost Of Living In Norwalk, IA Summary
Cost of living in Norwalk 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 Norwalk 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 Norwalk is 91, with 100 being the average.
The cost of living index in Norwalk is 0.9x lower than the national average.
Norwalk ranks as the #52 cheapest in Iowa out of 80.
Norwalk ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Norwalk is $236,600.
The median income in Norwalk is $91,610.
Table Of Contents
Norwalk's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Norwalk, IA?
According to the most recent data on the cost of living, Norwalk has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Iowa, Norwalk has a cost of living index that's 1.0x higher than Iowa's index of 89.
The standard of living in Norwalk ranks as #52 most affordable out of the 80 places we measured in Iowa. By definition, that implies Norwalk ranks as the #28 most expensive place in the Hawkeye State.
For more reading on life in Norwalk, check out:
- Living In Norwalk
- Norwalk Crime Report
- Search Homes For Sale In Norwalk, IA
In Iowa
In America
Norwalk Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Norwalk. Here is how it fairs on each of the criteria:
The Services index in Norwalk is 94.
The Groceries index in Norwalk is 92.
The Health index in Norwalk is 92.
The Housing index in Norwalk is 91.
The Transportation index in Norwalk is 99.
The Utilities index in Norwalk is 91.
| Living Expense | Norwalk | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 91 | 89 | 100 | |
| Services | 94 | 95 | 100 | |
| Groceries | 92 | 98 | 100 | |
| Health | 92 | 99 | 100 | |
| Housing | 91 | 73 | 100 | |
| Transportation | 99 | 98 | 100 | |
| Utilities | 91 | 94 | 100 | |
Norwalk, 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 Norwalk is $236,600.
The Median Rent in Norwalk is $907.
The Median Income in Norwalk is $91,610.
The Home Value To Income in Norwalk is 2.6x.
The Rent To Monthly Income in Norwalk is 0.12x.
| Statistic | Norwalk | Iowa | United States |
|---|---|---|---|
| Median Home Value | $236,600 | $160,700 | $244,900 |
| Median Rent | $907 | $845 | $1,163 |
| Median Income | $91,610 | $65,429 | $69,021 |
| Home Value To Income | 2.6x | 2.5x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Norwalk, IA Costs By Category
Detailed Norwalk Services Costs Vs. Iowa
Detailed Norwalk Groceries Costs Vs. Iowa
Detailed Norwalk Health Costs Vs. Iowa
Detailed Norwalk Transportation Costs Vs. Iowa
Detailed Norwalk Utilities Costs Vs. Iowa
Norwalk SnackAbility
/10
Cost Of Living In Cities Around Norwalk
The cost of living varies in the cities and towns around Norwalk. 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 Norwalk.
West Des Moines, IA has a cost of living index of 99, 1.1x Norwalk.
Ankeny, IA has a cost of living index of 96, 1.1x Norwalk.
| City | Population | Cost Of Living | Vs. Norwalk |
|---|---|---|---|
| Des Moines, IA | 213,545 | 88 | 1.0x |
| West Des Moines, IA | 67,640 | 99 | 1.1x |
| Ankeny, IA | 66,346 | 96 | 1.1x |
| Urbandale, IA | 45,037 | 99 | 1.1x |
| Waukee, IA | 23,441 | 95 | 1.0x |
| Johnston, IA | 23,418 | 104 | 1.1x |
| Altoona, IA | 19,345 | 93 | 1.0x |
| Clive, IA | 18,323 | 102 | 1.1x |
| Indianola, IA | 15,544 | 92 | 1.0x |
| Grimes, IA | 14,842 | 98 | 1.1x |
