Cost of living in Ames research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Ames is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Iowa, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Ames is 99, with 100 being the average.
The cost of living index in Ames is 1.0x lower than the national average.
Ames ranks as the #72 cheapest in Iowa out of 80.
Ames ranks as the #3,027 cheapest out of 6,412 in the US.
The median home value in Ames is $222,900.
The median income in Ames is $54,339.
According to the most recent data on the cost of living, Ames has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Iowa, Ames has a cost of living index that's 1.1x higher than Iowa's index of 89.
The standard of living in Ames ranks as #72 most affordable out of the 80 places we measured in Iowa. By definition, that implies Ames ranks as the #8 most expensive place in the Hawkeye State.
For more reading on life in Ames, check out:
Six factors go into calculating the cost of living index in Ames. Here is how it fairs on each of the criteria:
The Services index in Ames is 101.
The Groceries index in Ames is 101.
The Health index in Ames is 102.
The Housing index in Ames is 93.
The Transportation index in Ames is 104.
The Utilities index in Ames is 89.
|Living Expense||Ames||Iowa||National Average|
Housing swings affordability the most between places in Iowa, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Ames is $222,900.
The Median Rent in Ames is $972.
The Median Income in Ames is $54,339.
The Home Value To Income in Ames is 4.1x.
The Rent To Monthly Income in Ames is 0.21x.
|Median Home Value||$222,900||$160,700||$244,900|
|Home Value To Income||4.1x||2.5x||3.5x|
|Rent To Monthly Income||0.21x||0.15x||0.2x|
The cost of living varies in the cities and towns around Ames. Here's a quick look at the cost of living in the most populous nearby places:
West Des Moines, IA has a cost of living index of 99, 1.0x Ames.
Ankeny, IA has a cost of living index of 96, 1.0x Ames.
Urbandale, IA has a cost of living index of 99, 1.0x Ames.
|City||Population||Cost Of Living||Vs. Ames|
|West Des Moines, IA||67,640||99||1.0x|
|Pleasant Hill, IA||10,203||94||0.9x|