Cost of living in Pella 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 Pella 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 Pella is 92, with 100 being the average.
The cost of living index in Pella is 0.9x lower than the national average.
Pella ranks as the #54 cheapest in Iowa out of 80.
Pella ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Pella is $215,100.
The median income in Pella is $80,270.
According to the most recent data on the cost of living, Pella has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Iowa, Pella has a cost of living index that's 1.0x higher than Iowa's index of 89.
The standard of living in Pella ranks as #54 most affordable out of the 80 places we measured in Iowa. By definition, that implies Pella ranks as the #26 most expensive place in the Hawkeye State.
For more reading on life in Pella, check out:
Six factors go into calculating the cost of living index in Pella. Here is how it fairs on each of the criteria:
The Services index in Pella is 96.
The Groceries index in Pella is 92.
The Health index in Pella is 90.
The Housing index in Pella is 92.
The Transportation index in Pella is 97.
The Utilities index in Pella is 89.
|Living Expense||Pella||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 Pella is $215,100.
The Median Rent in Pella is $888.
The Median Income in Pella is $80,270.
The Home Value To Income in Pella is 2.7x.
The Rent To Monthly Income in Pella is 0.13x.
|Median Home Value||$215,100||$160,700||$244,900|
|Home Value To Income||2.7x||2.5x||3.5x|
|Rent To Monthly Income||0.13x||0.15x||0.2x|
The cost of living varies in the cities and towns around Pella. Here's a quick look at the cost of living in the most populous nearby places:
West Des Moines, IA has a cost of living index of 99, 1.1x Pella.
Ankeny, IA has a cost of living index of 96, 1.0x Pella.
Urbandale, IA has a cost of living index of 99, 1.1x Pella.
|City||Population||Cost Of Living||Vs. Pella|
|West Des Moines, IA||67,640||99||1.1x|
|Pleasant Hill, IA||10,203||94||1.0x|