Cost Of Living in Somerset, IA

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Somerset	Des Moines	Iowa
Cost of living	95	90	90
Goods & Services	95	95	96
Groceries	99	99	97
Health care	94	94	99
Housing	96	81	73
Transportation	91	91	98
Utilities	87	87	96

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Cost Of Living Quick Facts

The cost of living in Somerset is 6% higher than the Des Moines average
The cost of living in Somerset is 5% lower than the national average
Somerset housing is 4% lower than the national average
Iowa general sales tax is 18% higher than the national average
Iowa state income tax is 69% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Household	$34,952	$2,913	$815	$1,049

Iowa Sales Tax

State	General Sales Tax	With Max Surtax
Iowa	6%	7%

Iowa Income Tax

State	Income Tax (Low)	Income Tax (High)
Iowa	4.4%	6%

Goods & Services

Item	Des Moines	National avg.	Difference
Haircut	$20.63	$24.26	15.0%
Beauty Salon	$41.00	$45.56	10.0%
Toothpaste	$3.69	$3.70	0.3%
Shampoo	$1.35	$1.28	5.6%
Movie	$11.17	$12.13	7.9%
Bowling	$20.87	$18.00	15.9%

Groceries

Item	Des Moines	National avg.	Difference
Ground Beef	$6.36	$5.84	8.9%
Fried Chicken	$1.38	$1.57	12.6%
Milk	$4.82	$4.67	3.2%
Potatoes	$4.81	$4.93	2.6%
Pizza	$11.84	$12.09	2.0%
Beer	$9.82	$10.41	5.7%

Health Care

Item	Des Moines	National avg.	Difference
Optometrist	$125.17	$125.68	0.4%
Doctor	$129.05	$135.78	5.0%
Dentist	$96.60	$113.29	14.7%
Ibuprofen	$10.88	$10.65	2.1%
Lipitor	$495.45	$468.60	5.7%

Housing

Item	Des Moines	National avg.	Difference
Home Price	$141,300.00	$184,700.00	23.5%
Avg. Mortgage Payment	$1,877.36	$2,346.69	20.0%
Apartment Rent	$881.00	$949.00	7.2%

Transportation

Item	Des Moines	National avg.	Difference
Gasoline	$3.19	$3.46	7.8%
Tire Balancing	$52.49	$59.92	12.4%

Utilities

Item	Des Moines	National avg.	Difference
All Electricity	$154.71	$193.99	20.3%
Phone	$186.87	$192.25	2.8%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Bevington, IA	27	94	6.1%
Valeria, IA	40	78	22.1%
Patterson, IA	242	83	17.3%
Spring Hill, IA	48	84	16.2%
Sandyville, IA	64	86	14.3%
Des Moines, IA	215,408	90	9.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Richmond Hill, ON	215,407	n/a
Tacoma, WA	215,766	128	27.6%
Enterprise, NV	214,591	117	17.3%
Modesto, CA	214,485	124	23.6%
San Bernardino, CA	216,784	119	18.9%
Des Moines, IA	215,408	90	9.9%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Somerset, Des Moines, IA