Cost of Living in Jefferson, IA

Population 4,164 · Iowa · Data vintage 2023

48
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Jefferson sits on the smaller end of the Iowa city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 1.5% — below most comparable cities in the state.

Located 50 miles northwest of Des Moines, Jefferson is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 31% lower than Des Moines' $184,000.

Cost Overview

Housing 42
Rent 57

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

About the Cost of Living in Jefferson

The median home value in Jefferson is $126,900 — 58% below the national median of $305,000. Median rent runs $745/month, 43% lower than the national median of $1,314/month. The median household income of $54,286/year is 27% lower than the US median of $74,580. The local unemployment rate is 1.5%, 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, Jefferson has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.

🏠 Housing

Median Home Value
$126,900
58% below avg
Zillow Home Value
$115,295
Zillow ZHVI
Median Rent
$745/mo
43% below avg
Price-to-Rent Ratio
14.2x
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 70.5%
Renter-occupied 29.6%

💰 Estimated Monthly Budget

Rent median rent
$745
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,359/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
24.6 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.4%

Commute Mode

Drove alone
73.1%
Carpooled
14.4%
Public transit
0.1%
Walked
3.4%
Bicycle
0.6%
Work from home
7.4%

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
$54,286
27% below avg
Per Capita Income
$38,198
Unemployment Rate
1.5%
68% below avg
Poverty Rate
8.4%
Labor Force Participation
53.8%

🎓 Education

Bachelor's degree+ 15.3%
Graduate degree 6.5%

👥 Demographics

Median Age 51.5
Male median age 43.5
Female median age 57.4

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
13.3:1
Student-teacher ratio
3
Public schools
1,274
Total enrollment

Frequently Asked Questions

What is the cost of living in Jefferson, IA?

Jefferson has a cost index of 48 (100 = national average). It is 52% below the national average.

What is average rent in Jefferson, IA?

The median gross rent in Jefferson is $745 per month based on 2023 Census data.

What is the average home price in Jefferson?

The median home value in Jefferson is $126,900 according to Zillow and Census data.

What is the median income in Jefferson?

The median household income in Jefferson is $54,286 per year (2023 ACS 5-year estimates).

What is the sales tax in Jefferson, IA?

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

Is Jefferson, IA affordable?

Yes, Jefferson is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.

Jefferson at a Glance

Population
4,164
Median Income
$54,286
Home Value
$126,900
Median Rent
$745/mo
Unemployment
1.5%
Sales Tax
6.9%
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🗺️ County data for Iowa

Explore county-level cost of living data

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