Cost of Living in Atlantic, IA

Population 6,773 · Iowa · Data vintage 2023

49
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Atlantic is a smaller Iowa community of around 7000 residents, where median household incomes of $57,486 and housing costs ($135,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Around 24% of residents live below the federal poverty line, a rate that tends to correlate with the income and housing figures above.

Located 55 miles east of Omaha, Atlantic is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 41% lower than Omaha's $230,000.

Cost Overview

Housing 44
Rent 57

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

About the Cost of Living in Atlantic

The median home value in Atlantic is $134,900 — 56% below the national median of $305,000. Median rent runs $750/month, 43% lower than the national median of $1,314/month. The median household income of $57,486/year is 23% lower than the US median of $74,580. The local unemployment rate is 0.6%, 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%. Overall, Atlantic has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.

🏠 Housing

Median Home Value
$134,900
56% below avg
Zillow Home Value
$68,843
Zillow ZHVI
Median Rent
$750/mo
43% below avg
Price-to-Rent Ratio
15.0x
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 61.9%
Renter-occupied 38.1%

💰 Estimated Monthly Budget

Rent median rent
$750
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,364/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
11.3 min
58% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.3%

Commute Mode

Drove alone
80.5%
Carpooled
5.5%
Public transit
0.1%
Walked
3.5%
Work from home
8.3%

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
$57,486
23% below avg
Per Capita Income
$36,047
Unemployment Rate
0.6%
88% below avg
Poverty Rate
23.8%
Labor Force Participation
64.7%

🎓 Education

Bachelor's degree+ 18.2%
Graduate degree 5.9%

👥 Demographics

Median Age 43
Male median age 40.5
Female median age 45.6

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
14:1
Student-teacher ratio
4
Public schools
1,485
Total enrollment

Frequently Asked Questions

What is the cost of living in Atlantic, IA?

Atlantic has a cost index of 49 (100 = national average). It is 51% below the national average.

What is average rent in Atlantic, IA?

The median gross rent in Atlantic is $750 per month based on 2023 Census data.

What is the average home price in Atlantic?

The median home value in Atlantic is $134,900 according to Zillow and Census data.

What is the median income in Atlantic?

The median household income in Atlantic is $57,486 per year (2023 ACS 5-year estimates).

What is the sales tax in Atlantic, IA?

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

Is Atlantic, IA affordable?

Yes, Atlantic is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.

Atlantic at a Glance

Population
6,773
Median Income
$57,486
Home Value
$134,900
Median Rent
$750/mo
Unemployment
0.6%
Sales Tax
6.9%
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