Marshalltown, IA, presents a cost of living index that is notably lower than the nationwide average. Set at 100, the national average shows that Marshalltown’s cost of living index stands at 89, suggesting a 11% reduction from the national average. This means that living expenses in Marshalltown, including housing, groceries, utilities, transportation, healthcare, and miscellaneous costs, are more affordable for residents and visitors alike.
Marshalltown, IA, presents a cost of living index that is notably below the nationwide average of 100. This overall lower cost of living makes Marshalltown an attractive destination for those seeking affordable living expenses. Housing in Marshalltown stands at 83, which is 17% below the national average. This reduction in housing costs can help residents allocate more funds to other necessities and discretionary spending.
Additionally, groceries in Marshalltown are priced at 95, just 5% below the national average. This makes everyday food costs slightly more affordable than in many other areas. Utilities, another critical expense, are at 90 in Marshalltown, which is 10% below the national average. When it comes to transportation, the cost of living index is 88, meaning this expense is 12% less than the national average. Healthcare costs in Marshalltown are slightly above the national average at 92, representing a modest 2% increase. Miscellaneous expenses stand at 85, which is 15% below the national average. This comprehensive analysis shows that, in most categories, Marshalltown offers a cost-effective living environment for residents.
