The cost of living in Marshalltown, IA, is notably lower than the nationwide average. The overall cost of living index stands at 86, which means residents enjoy savings of about 14% compared to the national average of 100. In specific areas, housing is 25% cheaper, while utilities and miscellaneous expenses are only slightly below the national average. Breaking it down, Marshalltown offers more affordable housing and utilities. Groceries, healthcare, and transportation also show a lower cost of living, with each category ranging from 75 to 95. This makes Marshalltown an attractive option for those seeking lower living expenses without sacrificing too much comfort.
Marshalltown, IA, offers a cost of living that stands out when compared to the nationwide average, which is set at 100. Housing costs in Marshalltown are notably lower, with an index of 75. This means residents can expect to spend about 25% less on housing compared to the national average. Such a reduction can make homeownership or renting more affordable, offering financial relief in a key living expense.
In other areas, Marshalltown also compares well to the national average. Groceries, for instance, have a cost of living index of 90, which is only 10% lower than the national average. Utilities follow closely with an index of 95, reflecting a modest 5% increase. Transportation costs are slightly lower than the average, with an index of 85, meaning residents pay about 15% less for transportation. Healthcare, with an index of 92, shows a 8% decrease, and miscellaneous expenses, with an index of 88, indicate an overall 12% reduction. These statistics suggest that Marshalltown offers a more affordable lifestyle in several key areas when compared to the national average.
