Oelwein, IA Cost Of Living
Cost Of Living In Oelwein, IA Summary
Cost of living in Oelwein 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 Oelwein 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 Oelwein is 76, with 100 being the average.
The cost of living index in Oelwein is 0.8x lower than the national average.
Oelwein ranks as the #1 cheapest in Iowa out of 80.
Oelwein ranks as the #54 cheapest out of 6,412 in the US.
The median home value in Oelwein is $86,900.
The median income in Oelwein is $38,325.
Table Of Contents
Oelwein's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Oelwein, IA?
According to the most recent data on the cost of living, Oelwein has an overall cost of living index of 76, which is 0.8x lower than the national index of 100.
Compared to Iowa, Oelwein has a cost of living index that's 0.9x lower than Iowa's index of 89.
The standard of living in Oelwein ranks as #1 most affordable out of the 80 places we measured in Iowa. By definition, that implies Oelwein ranks as the #79 most expensive place in the Hawkeye State.
For more reading on life in Oelwein, check out:
- Living In Oelwein
- Oelwein Crime Report
- Search Homes For Sale In Oelwein, IA
In Iowa
In America
Oelwein Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Oelwein. Here is how it fairs on each of the criteria:
The Services index in Oelwein is 92.
The Groceries index in Oelwein is 90.
The Health index in Oelwein is 93.
The Housing index in Oelwein is 45.
The Transportation index in Oelwein is 96.
The Utilities index in Oelwein is 86.
| Living Expense | Oelwein | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 76 | 89 | 100 | |
| Services | 92 | 95 | 100 | |
| Groceries | 90 | 98 | 100 | |
| Health | 93 | 99 | 100 | |
| Housing | 45 | 73 | 100 | |
| Transportation | 96 | 98 | 100 | |
| Utilities | 86 | 94 | 100 | |
Oelwein, 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 Oelwein is $86,900.
The Median Rent in Oelwein is $710.
The Median Income in Oelwein is $38,325.
The Home Value To Income in Oelwein is 2.3x.
The Rent To Monthly Income in Oelwein is 0.22x.
| Statistic | Oelwein | Iowa | United States |
|---|---|---|---|
| Median Home Value | $86,900 | $160,700 | $244,900 |
| Median Rent | $710 | $845 | $1,163 |
| Median Income | $38,325 | $65,429 | $69,021 |
| Home Value To Income | 2.3x | 2.5x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.15x | 0.2x |
Median Home Value
Median Rent
Median Income
Oelwein, IA Costs By Category
Detailed Oelwein Services Costs Vs. Iowa
Detailed Oelwein Groceries Costs Vs. Iowa
Detailed Oelwein Health Costs Vs. Iowa
Detailed Oelwein Transportation Costs Vs. Iowa
Detailed Oelwein Utilities Costs Vs. Iowa
Oelwein SnackAbility
/10
Cost Of Living In Cities Around Oelwein
The cost of living varies in the cities and towns around Oelwein. Here's a quick look at the cost of living in the most populous nearby places:
Marion, IA has a cost of living index of 95, 1.2x Oelwein.
Cedar Falls, IA has a cost of living index of 93, 1.2x Oelwein.
Central, LA has a cost of living index of 96, 1.3x Oelwein.
| City | Population | Cost Of Living | Vs. Oelwein |
|---|---|---|---|
| Marion, IA | 41,023 | 95 | 1.2x |
| Cedar Falls, IA | 40,500 | 93 | 1.2x |
| Central, LA | 29,746 | 96 | 1.3x |
| La Porte, IN | 21,993 | 83 | 1.1x |
| Waverly, IA | 10,278 | 90 | 1.2x |
| Decorah, IA | 7,767 | 88 | 1.2x |
| Hiawatha, IA | 7,184 | 95 | 1.2x |
| Independence, IA | 6,088 | 81 | 1.1x |
| Manchester, IA | 5,077 | 89 | 1.2x |
