The cost of living index in Marshalltown, IA, is significantly lower than the nationwide average. Specifically, Marshalltown's index stands at 89, indicating that overall expenses are about 11% below the national standard of 100. This lower index can make housing, groceries, and utilities more affordable for residents and job seekers. Each major category shows a similar trend, with housing at 82% and miscellaneous expenses at 88% of the national average. Even transportation, which has a slightly higher index at 94%, remains more economical compared to the national benchmark. These figures suggest that Marshalltown provides a cost-effective living environment for those relocating or seeking new employment opportunities.
Marshalltown, IA, presents an attractive cost of living for potential residents and job seekers. Compared to the nationwide average, which is indexed at 100, the housing costs in Marshalltown are notably lower, sitting at 82. This suggests that housing expenses, such as rent or mortgage payments, are 18% cheaper than the national average. For someone relocating for work, this could mean substantial savings, allowing for a higher quality of living or additional savings on other expenses.
Furthermore, other living costs in Marshalltown also compare favorably to the national average. Groceries are at 89, meaning they are 11% less expensive than the average. Utilities are at 90, only 10% below the national average. Transportation costs are slightly higher, at 94, but only 6% above the average, which is relatively minor. Healthcare costs are also close to the national average at 95, indicating they are only 5% higher. Miscellaneous costs are at 88, showing an 12% reduction. Overall, the cost of living in Marshalltown offers several areas where residents can save money compared to the national average.
