New Hampton, IA, offers a cost of living below the nationwide average. The overall cost of living index in New Hampton is 88, which is 12% lower than the national average of 100. This lower cost makes housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses more affordable for residents.
Job seekers looking at New Hampton, IA, will find the cost of living quite favorable compared to the nationwide average, which is set at 100. Housing in New Hampton stands at 80, showing that it costs 20% less than the national average. This lower housing cost can help families and individuals save on their monthly expenses. If someone spends $1,000 a month on housing on average, they could spend $800 in New Hampton, offering a potential savings of $200.
In addition to housing, other living costs in New Hampton are also below the national average. For groceries, the index is 90, meaning it costs 10% less to shop for food here compared to the rest of the country. Utilities cost 95, just 5% above the national average, while transportation costs sit at 85, which is 15% less expensive. These factors combine to make New Hampton an affordable place to live, providing a more budget-friendly environment for those considering relocation.
