Norwalk, IA Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Norwalk, IA Summary

Cost of living in Norwalk 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 Norwalk 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 Norwalk is 91, with 100 being the average.

  • The cost of living index in Norwalk is 0.9x lower than the national average.

  • Norwalk ranks as the #52 cheapest in Iowa out of 80.

  • Norwalk ranks as the #1,804 cheapest out of 6,412 in the US.

  • The median home value in Norwalk is $236,600.

  • The median income in Norwalk is $91,610.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
91
Norwalk's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Norwalk, IA?

According to the most recent data on the cost of living, Norwalk has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.

Compared to Iowa, Norwalk has a cost of living index that's 1.0x higher than Iowa's index of 89.

The standard of living in Norwalk ranks as #52 most affordable out of the 80 places we measured in Iowa. By definition, that implies Norwalk ranks as the #28 most expensive place in the Hawkeye State.

For more reading on life in Norwalk, check out:

52 out of 80
In Iowa
1,804 out of 6,412
In America

Norwalk Cost Of Living Vs. Iowa

Six factors go into calculating the cost of living index in Norwalk. Here is how it fairs on each of the criteria:

  • The Services index in Norwalk is 94.

  • The Groceries index in Norwalk is 92.

  • The Health index in Norwalk is 92.

  • The Housing index in Norwalk is 91.

  • The Transportation index in Norwalk is 99.

  • The Utilities index in Norwalk is 91.

Living Expense Norwalk Iowa National Average
Overall 91 89 100
Services 94 95 100
Groceries 92 98 100
Health 92 99 100
Housing 91 73 100
Transportation 99 98 100
Utilities 91 94 100
For more reading on cost of living around Iowa, check out:
Norwalk Cost of Living Vs. IA

Norwalk, 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 Norwalk is $236,600.

  • The Median Rent in Norwalk is $907.

  • The Median Income in Norwalk is $91,610.

  • The Home Value To Income in Norwalk is 2.6x.

  • The Rent To Monthly Income in Norwalk is 0.12x.

Statistic Norwalk Iowa United States
Median Home Value $236,600 $160,700 $244,900
Median Rent $907 $845 $1,163
Median Income $91,610 $65,429 $69,021
Home Value To Income 2.6x 2.5x 3.5x
Rent To Monthly Income 0.12x 0.15x 0.2x
Search Homes For Sale In Norwalk, IA
$236,600
Median Home Value
$907
Median Rent
$91,610
Median Income

Norwalk, IA Costs By Category

Detailed Norwalk Services Costs Vs. Iowa

Item Norwalk Iowa
Shampoo $1.23 $1.06
Movie $8.99 $10.68
Bowling $16.34 $14.67
Haircut $17.02 $18.62
Beauty Salon $32.13 $39.05

Detailed Norwalk Groceries Costs Vs. Iowa

Item Norwalk Iowa
Ground Beef $3.15 $4.22
Fried Chicken $1.51 $1.39
Milk $2.18 $2.05
Potatoes $2.25 $3.29
Pizza $9.99 $10.62
Beer $8.94 $9.38
Toothpaste $1.81 $2.34

Detailed Norwalk Health Costs Vs. Iowa

Item Norwalk Iowa
Optometrist $108.45 $108.57
Doctor $110.85 $116.17
Dentist $82.19 $99.13

Detailed Norwalk Transportation Costs Vs. Iowa

Item Norwalk Iowa
Gasoline $2.17 $2.22
Tire Balancing $49.09 $50.07

Detailed Norwalk Utilities Costs Vs. Iowa

Item Norwalk Iowa
All Electricity $135.13 $167.67
Phone $180.81 $175.64

Norwalk SnackAbility

6
/10
Overall SnackAbility
Jobs
8.5/10
Housing
8
Affordability
8.5
Diversity
4
Safety
9.5
Amenities
8
Education
9
Commute
8

Cost Of Living In Cities Around Norwalk

The cost of living varies in the cities and towns around Norwalk. 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, 1.0x Norwalk.

  • West Des Moines, IA has a cost of living index of 99, 1.1x Norwalk.

  • Ankeny, IA has a cost of living index of 96, 1.1x Norwalk.

City Population Cost Of Living Vs. Norwalk
Des Moines, IA 213,545 88 1.0x
West Des Moines, IA 67,640 99 1.1x
Ankeny, IA 66,346 96 1.1x
Urbandale, IA 45,037 99 1.1x
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
Indianola, IA 15,544 92 1.0x
Grimes, IA 14,842 98 1.1x

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