Newton, IA, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Newton is 92, with housing at 88%, groceries at 95%, utilities at 90%, transportation at 92%, healthcare at 98%, and miscellaneous expenses at 85%. This indicates that residents can expect to spend a bit less on most living expenses compared to the national average. Compared to the nationwide average of 100, Newton provides more affordable housing, groceries, utilities, and miscellaneous costs. However, healthcare costs are slightly above the national average at 98%, which might require residents to budget slightly more for medical expenses.
The cost of living index in Newton, Iowa, stands at 91, slightly lower than the nationwide average of 100. This means that, overall, expenses in Newton are about 9% less than what people might find in the average U.S. city. This lower cost can make living in Newton more affordable, especially for housing, utilities, and transportation, which are slightly under the national average.
Specifically, housing costs in Newton are at 88, which is 12% below the national average. Groceries are only marginally lower at 95, reflecting a 5% decrease. Utilities cost 10% less, with an index of 90, while transportation comes in at 92, which is a modest 8% decrease. Healthcare is a bit higher, with an index of 98, indicating 2% more than the national average. Miscellaneous costs are at 85, representing a 15% reduction. These figures show that Newton offers a generally lower cost of living, especially beneficial for those mindful of their budget.
