Ankeny, IA Cost Of Living
Cost Of Living In Ankeny, IA Summary
Cost of living in Ankeny 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 Ankeny 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 Ankeny is 96, with 100 being the average.
The cost of living index in Ankeny is 1.0x lower than the national average.
Ankeny ranks as the #67 cheapest in Iowa out of 80.
Ankeny ranks as the #2,601 cheapest out of 6,412 in the US.
The median home value in Ankeny is $248,400.
The median income in Ankeny is $92,959.
Table Of Contents
Ankeny's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ankeny, IA?
According to the most recent data on the cost of living, Ankeny has an overall cost of living index of 96, which is 1.0x lower than the national index of 100.
Compared to Iowa, Ankeny has a cost of living index that's 1.1x higher than Iowa's index of 89.
The standard of living in Ankeny ranks as #67 most affordable out of the 80 places we measured in Iowa. By definition, that implies Ankeny ranks as the #13 most expensive place in the Hawkeye State.
For more reading on life in Ankeny, check out:
- Living In Ankeny
- Ankeny Crime Report
- Search Homes For Sale In Ankeny, IA
In Iowa
In America
Ankeny Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Ankeny. Here is how it fairs on each of the criteria:
The Services index in Ankeny is 96.
The Groceries index in Ankeny is 95.
The Health index in Ankeny is 91.
The Housing index in Ankeny is 100.
The Transportation index in Ankeny is 98.
The Utilities index in Ankeny is 89.
| Living Expense | Ankeny | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 96 | 89 | 100 | |
| Services | 96 | 95 | 100 | |
| Groceries | 95 | 98 | 100 | |
| Health | 91 | 99 | 100 | |
| Housing | 100 | 73 | 100 | |
| Transportation | 98 | 98 | 100 | |
| Utilities | 89 | 94 | 100 | |
Ankeny, IA Housing Cost Breakdown
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 Ankeny is $248,400.
The Median Rent in Ankeny is $1,153.
The Median Income in Ankeny is $92,959.
The Home Value To Income in Ankeny is 2.7x.
The Rent To Monthly Income in Ankeny is 0.15x.
| Statistic | Ankeny | Iowa | United States |
|---|---|---|---|
| Median Home Value | $248,400 | $160,700 | $244,900 |
| Median Rent | $1,153 | $845 | $1,163 |
| Median Income | $92,959 | $65,429 | $69,021 |
| Home Value To Income | 2.7x | 2.5x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Ankeny, IA Costs By Category
Detailed Ankeny Services Costs Vs. Iowa
Detailed Ankeny Groceries Costs Vs. Iowa
Detailed Ankeny Health Costs Vs. Iowa
Detailed Ankeny Transportation Costs Vs. Iowa
Detailed Ankeny Utilities Costs Vs. Iowa
Ankeny SnackAbility
/10
Cost Of Living In Cities Around Ankeny
The cost of living varies in the cities and towns around Ankeny. Here's a quick look at the cost of living in the most populous nearby places:
Des Moines, IA has a cost of living index of 88, 0.9x Ankeny.
West Des Moines, IA has a cost of living index of 99, 1.0x Ankeny.
Urbandale, IA has a cost of living index of 99, 1.0x Ankeny.
| City | Population | Cost Of Living | Vs. Ankeny |
|---|---|---|---|
| Des Moines, IA | 213,545 | 88 | 0.9x |
| West Des Moines, IA | 67,640 | 99 | 1.0x |
| Urbandale, IA | 45,037 | 99 | 1.0x |
| Waukee, IA | 23,441 | 95 | 1.0x |
| Johnston, IA | 23,418 | 104 | 1.1x |
| Altoona, IA | 19,345 | 93 | 1.0x |
| Clive, IA | 18,323 | 102 | 1.1x |
| Grimes, IA | 14,842 | 98 | 1.0x |
| Norwalk, IA | 12,592 | 91 | 0.9x |
| Pleasant Hill, IA | 10,203 | 94 | 1.0x |
