Cost of Living in Carroll, IA

Population 10,261 · Iowa · Data vintage 2023

58
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Carroll is a smaller Iowa community of around 10000 residents, where median household incomes of $59,323 and housing costs ($184,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Carroll is about 75 miles west of Des Moines, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Des Moines' $184,000 median.

Cost Overview

Housing 60
Rent 55

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

About the Cost of Living in Carroll

The median home value in Carroll is $184,100 — 40% below the national median of $305,000. Median rent runs $718/month, 45% lower than the national median of $1,314/month. The median household income of $59,323/year is 20% lower than the US median of $74,580. The local unemployment rate is 3.1%, 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, Carroll has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.

🏠 Housing

Median Home Value
$184,100
40% below avg
Zillow Home Value
$186,954
Zillow ZHVI
Median Rent
$718/mo
45% below avg
Price-to-Rent Ratio
21.4x
Favors renting
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 66.8%
Renter-occupied 33.2%

💰 Estimated Monthly Budget

Rent median rent
$718
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,332/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
12.8 min
53% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.6%

Commute Mode

Drove alone
83.8%
Carpooled
8.2%
Public transit
0.9%
Walked
1.0%
Work from home
5.6%

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
$59,323
20% below avg
Per Capita Income
$36,799
Unemployment Rate
3.1%
36% below avg
Poverty Rate
10.4%
Labor Force Participation
60.8%

🎓 Education

Bachelor's degree+ 19.1%
Graduate degree 6.5%

👥 Demographics

Median Age 43
Male median age 40
Female median age 44.6

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
15.8:1
Student-teacher ratio
4
Public schools
1,882
Total enrollment

Frequently Asked Questions

What is the cost of living in Carroll, IA?

Carroll has a cost index of 58 (100 = national average). It is 42% below the national average.

What is average rent in Carroll, IA?

The median gross rent in Carroll is $718 per month based on 2023 Census data.

What is the average home price in Carroll?

The median home value in Carroll is $184,100 according to Zillow and Census data.

What is the median income in Carroll?

The median household income in Carroll is $59,323 per year (2023 ACS 5-year estimates).

What is the sales tax in Carroll, IA?

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

Is Carroll, IA affordable?

Yes, Carroll is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.

Carroll at a Glance

Population
10,261
Median Income
$59,323
Home Value
$184,100
Median Rent
$718/mo
Unemployment
3.1%
Sales Tax
6.9%
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