Cost of living in Decorah 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 Decorah 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 Decorah is 88, with 100 being the average.
The cost of living index in Decorah is 0.9x lower than the national average.
Decorah ranks as the #37 cheapest in Iowa out of 80.
Decorah ranks as the #1,278 cheapest out of 6,412 in the US.
The median home value in Decorah is $203,300.
The median income in Decorah is $55,480.
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 Iowa, Decorah has a cost of living index that's 1.0x lower than Iowa's index of 89.
The standard of living in Decorah ranks as #37 most affordable out of the 80 places we measured in Iowa. By definition, that implies Decorah ranks as the #43 most expensive place in the Hawkeye State.
For more reading on life in Decorah, check out:
Six factors go into calculating the cost of living index in Decorah. Here is how it fairs on each of the criteria:
The Services index in Decorah is 92.
The Groceries index in Decorah is 93.
The Health index in Decorah is 94.
The Housing index in Decorah is 80.
The Transportation index in Decorah is 95.
The Utilities index in Decorah is 85.
|Living Expense||Decorah||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 Decorah is $203,300.
The Median Rent in Decorah is $702.
The Median Income in Decorah is $55,480.
The Home Value To Income in Decorah is 3.7x.
The Rent To Monthly Income in Decorah is 0.15x.
|Median Home Value||$203,300||$160,700||$244,900|
|Home Value To Income||3.7x||2.5x||3.5x|
|Rent To Monthly Income||0.15x||0.15x||0.2x|
The cost of living varies in the cities and towns around Decorah. Here's a quick look at the cost of living in the most populous nearby places:
La Crosse, WI has a cost of living index of 91, 1.0x Decorah.
Onalaska, WI has a cost of living index of 98, 1.1x Decorah.
Oelwein, IA has a cost of living index of 76, 0.9x Decorah.