Iola, KS Cost Of Living
Cost Of Living In Iola, KS Summary
Cost of living in Iola 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 Iola is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kansas, 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 Iola is 74, with 100 being the average.
The cost of living index in Iola is 0.7x lower than the national average.
Iola ranks as the #2 cheapest in Kansas out of 63.
Iola ranks as the #23 cheapest out of 6,412 in the US.
The median home value in Iola is $76,600.
The median income in Iola is $41,563.
Table Of Contents
Iola's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Iola, KS?
According to the most recent data on the cost of living, Iola has an overall cost of living index of 74, which is 0.7x lower than the national index of 100.
Compared to Kansas, Iola has a cost of living index that's 0.9x lower than Kansas's index of 87.
The standard of living in Iola ranks as #2 most affordable out of the 63 places we measured in Kansas. By definition, that implies Iola ranks as the #61 most expensive place in the Sunflower State.
For more reading on life in Iola, check out:
- Living In Iola
- Iola Crime Report
- Search Homes For Sale In Iola, KS
In Kansas
In America
Iola Cost Of Living Vs. Kansas
Six factors go into calculating the cost of living index in Iola. Here is how it fairs on each of the criteria:
The Services index in Iola is 81.
The Groceries index in Iola is 88.
The Health index in Iola is 97.
The Housing index in Iola is 48.
The Transportation index in Iola is 87.
The Utilities index in Iola is 99.
| Living Expense | Iola | Kansas | National Average | |
|---|---|---|---|---|
| Overall | 74 | 87 | 100 | |
| Services | 81 | 90 | 100 | |
| Groceries | 88 | 95 | 100 | |
| Health | 97 | 98 | 100 | |
| Housing | 48 | 70 | 100 | |
| Transportation | 87 | 93 | 100 | |
| Utilities | 99 | 102 | 100 | |
Iola, KS Housing Cost Breakdown
Housing swings affordability the most between places in Kansas, 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 Iola is $76,600.
The Median Rent in Iola is $745.
The Median Income in Iola is $41,563.
The Home Value To Income in Iola is 1.8x.
The Rent To Monthly Income in Iola is 0.22x.
| Statistic | Iola | Kansas | United States |
|---|---|---|---|
| Median Home Value | $76,600 | $164,800 | $244,900 |
| Median Rent | $745 | $912 | $1,163 |
| Median Income | $41,563 | $64,521 | $69,021 |
| Home Value To Income | 1.8x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Iola, KS Costs By Category
Detailed Iola Services Costs Vs. Kansas
Detailed Iola Groceries Costs Vs. Kansas
Detailed Iola Health Costs Vs. Kansas
Detailed Iola Transportation Costs Vs. Kansas
Detailed Iola Utilities Costs Vs. Kansas
Iola SnackAbility
/10
Cost Of Living In Cities Around Iola
The cost of living varies in the cities and towns around Iola. Here's a quick look at the cost of living in the most populous nearby places:
Ottawa, KS has a cost of living index of 84, 1.1x Iola.
Parsons, KS has a cost of living index of 75, 1.0x Iola.
Chanute, KS has a cost of living index of 73, 1.0x Iola.
| City | Population | Cost Of Living | Vs. Iola |
|---|---|---|---|
| Ottawa, KS | 12,592 | 84 | 1.1x |
| Parsons, KS | 9,652 | 75 | 1.0x |
| Chanute, KS | 8,737 | 73 | 1.0x |
| Fort Scott, KS | 7,579 | 75 | 1.0x |
