Cost of Living in Creston, IA

Population 7,466 · Iowa · Data vintage 2023

43
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Creston is a smaller Iowa community of around 7000 residents, where median household incomes of $50,752 and housing costs ($113,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Geographically, Creston is about 55 miles southwest of Des Moines, the nearest large metro. Median home values run roughly 39% lower than Des Moines' $184,000.

Cost Overview

Housing 37
Rent 51

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

About the Cost of Living in Creston

The median home value in Creston is $112,600 — 63% below the national median of $305,000. Median rent runs $672/month, 49% lower than the national median of $1,314/month. The median household income of $50,752/year is 32% lower than the US median of $74,580. The local unemployment rate is 4.0%, 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%. Overall, Creston has a cost of living index of 43 versus the US average of 100, meaning it is 57% less expensive.

🏠 Housing

Median Home Value
$112,600
63% below avg
Zillow Home Value
$148,824
Zillow ZHVI
Median Rent
$672/mo
49% below avg
Price-to-Rent Ratio
14.0x
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 65.6%
Renter-occupied 34.4%

💰 Estimated Monthly Budget

Rent median rent
$672
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,286/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
13.5 min
50% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.0%

Commute Mode

Drove alone
79.8%
Carpooled
10.1%
Walked
8.0%
Work from home
2.0%

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
$50,752
32% below avg
Per Capita Income
$28,905
Unemployment Rate
4.0%
17% below avg
Poverty Rate
16.0%
Labor Force Participation
58.4%

🎓 Education

Bachelor's degree+ 17.1%
Graduate degree 6.8%

👥 Demographics

Median Age 39.7
Male median age 38.7
Female median age 41.1

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
13.2:1
Student-teacher ratio
4
Public schools
1,504
Total enrollment

Frequently Asked Questions

What is the cost of living in Creston, IA?

Creston has a cost index of 43 (100 = national average). It is 57% below the national average.

What is average rent in Creston, IA?

The median gross rent in Creston is $672 per month based on 2023 Census data.

What is the average home price in Creston?

The median home value in Creston is $112,600 according to Zillow and Census data.

What is the median income in Creston?

The median household income in Creston is $50,752 per year (2023 ACS 5-year estimates).

What is the sales tax in Creston, IA?

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

Is Creston, IA affordable?

Yes, Creston is generally considered affordable, with a cost of living index of 43 — about 57% below the US national average of 100.

Creston at a Glance

Population
7,466
Median Income
$50,752
Home Value
$112,600
Median Rent
$672/mo
Unemployment
4.0%
Sales Tax
6.9%
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🗺️ County data for Iowa

Explore county-level cost of living data

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