According to the most recent data on the cost of living, Decorah has an overall cost of living index of 88 which is 0.9x lower than the national index of 100.
Compared to only Iowa, Decorah has a cost of living index that's 1.0x lower than Iowa's index of 92.
The standard of living in Decorah ranks as #1,278 most affordable out of the 6,418 places we measured in Iowa. By definition, that implies Decorah ranks as the #5,140 most expensive place in the Hawkeye State.
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Housing swings affordability the most between places in Iowa, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.