Cost of Living in Asbury, IA

Population 5,949 · Iowa · Data vintage 2023

103
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Under 25,000 residents gives Asbury a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $312,000. An unemployment rate of 3.0% points to a labor market well on the tight side of the national distribution.

Asbury is about 60 miles northeast of Cedar Rapids, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 76% higher than Cedar Rapids' $177,000.

Cost Overview

Housing 102
Rent 105

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Asbury

The median home value in Asbury is $312,400 — 2% above the national median of $305,000. Median rent runs $1,379/month, 5% higher than the national median of $1,314/month. The median household income of $130,071/year is 74% higher than the US median of $74,580. The local unemployment rate is 3.0%, below the national average of 4.8%. Iowa's top state income tax rate is 5.7% and the combined sales tax is 6.9%. The climate averages highs of 56.4°F and lows of 38.0°F, with about 42.5" of annual snowfall. Overall, Asbury has a cost of living index of 103 versus the US average of 100, meaning it is 3% more expensive.

🏠 Housing

Median Home Value
$312,400
2% above avg
Zillow Home Value
$134,171
Zillow ZHVI
Median Rent
$1,379/mo
5% above avg
Price-to-Rent Ratio
18.9x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$646
1 BR
$716
2 BR
$877
3 BR
$1,170
4 BR
$1,287
Owner-occupied 92.3%
Renter-occupied 7.7%

💰 Estimated Monthly Budget

Rent median rent
$1,379
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,993/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
20.0 min
26% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.8%

Commute Mode

Drove alone
87.6%
Carpooled
2.2%
Walked
0.3%
Work from home
9.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.7%
Total Sales Tax 6.9%
State rate 6.0%
Avg local rate 0.9%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$130,071
74% above avg
Per Capita Income
$51,366
Unemployment Rate
3.0%
38% below avg
Poverty Rate
5.2%
Labor Force Participation
72.5%

🎓 Education

Bachelor's degree+ 35.5%
Graduate degree 15.8%

👥 Demographics

Median Age 37.3
Male median age 38.2
Female median age 35.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
56.4°F
Avg Low
38.0°F
Annual Precip
38.2"
Annual Snowfall
42.5"
10° 30° 50° 70° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 273144586979828073604532
Low °F 111526374959626052402817
Precip" 1.321.572.254.064.305.194.803.953.822.932.211.80
Snow" 10.710.65.71.90.00.00.00.00.00.52.810.3

Frequently Asked Questions

What is the cost of living in Asbury, IA?

Asbury has a cost index of 103 (100 = national average). It is 3% above the national average.

What is average rent in Asbury, IA?

The median gross rent in Asbury is $1,379 per month based on 2023 Census data.

What is the average home price in Asbury?

The median home value in Asbury is $312,400 according to Zillow and Census data.

What is the median income in Asbury?

The median household income in Asbury is $130,071 per year (2023 ACS 5-year estimates).

What is the sales tax in Asbury, IA?

The combined state and local sales tax rate in Asbury is 6.9%. The Iowa state income tax top rate is 5.7%.

Is Asbury, IA affordable?

Asbury is near the national average in terms of cost of living, with an index of 103 (100 = US average).

What is the weather like in Asbury?

Asbury has average high temperatures of 56.4°F and average lows of 38.0°F. Annual precipitation is 38.2". Average annual snowfall is 42.5". Data from NOAA 1991–2020 Climate Normals.

Asbury at a Glance

Population
5,949
Median Income
$130,071
Home Value
$312,400
Median Rent
$1,379/mo
Unemployment
3.0%
Avg High Temp
56.4°F
Sales Tax
6.9%
View all cities in Iowa →
🗺️ County data for Iowa

Explore county-level cost of living data

Similar Cost Cities

Cities in other states with comparable housing costs