Cost of Living in Marion, IA

Population 41,690 · Iowa · Data vintage 2023

75
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Marion lands reasonably close to national benchmarks on most cost indicators, with a median home value of $231,000 — 24% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Iowa.

Geographically, Marion sits roughly 7 miles northeast of Cedar Rapids. Median home values run roughly 30% higher than Cedar Rapids' $177,000.

Cost Overview

Housing 76
Rent 74

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

About the Cost of Living in Marion

The median home value in Marion is $230,800 — 24% below the national median of $305,000. Median rent runs $978/month, 26% lower than the national median of $1,314/month. The median household income of $87,105/year is 17% higher than the US median of $74,580. The local unemployment rate is 3.4%, 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, Marion has a cost of living index of 75 versus the US average of 100, meaning it is 25% less expensive.

🏠 Housing

Median Home Value
$230,800
24% below avg
Zillow Home Value
$268,011
Zillow ZHVI
Median Rent
$978/mo
26% below avg
Zillow Rent
$1,096/mo
Zillow ZORI
Price-to-Rent Ratio
19.7x
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 77.5%
Renter-occupied 22.5%

💰 Estimated Monthly Budget

Rent median rent
$978
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,592/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
20.9 min
23% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
16.5%

Commute Mode

Drove alone
74.2%
Carpooled
5.9%
Public transit
1.0%
Walked
1.1%
Bicycle
0.1%
Work from home
16.5%

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
$87,105
17% above avg
Per Capita Income
$43,334
Unemployment Rate
3.4%
29% below avg
Poverty Rate
7.0%
Labor Force Participation
69.0%

🎓 Education

Bachelor's degree+ 27.7%
Graduate degree 11.5%

👥 Demographics

Median Age 40.4
Male median age 39.2
Female median age 41.4

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 54 — Moderate
35.6%
Good air days/yr
207
Max AQI recorded
279
PM2.5 days
86
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

94.6%
4-Year Graduation Rate
15.7:1
Student-teacher ratio
16
Public schools
10,121
Total enrollment

Frequently Asked Questions

What is the cost of living in Marion, IA?

Marion has a cost index of 75 (100 = national average). It is 25% below the national average.

What is average rent in Marion, IA?

The median gross rent in Marion is $978 per month based on 2023 Census data.

What is the average home price in Marion?

The median home value in Marion is $230,800 according to Zillow and Census data.

What is the median income in Marion?

The median household income in Marion is $87,105 per year (2023 ACS 5-year estimates).

What is the sales tax in Marion, IA?

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

Is Marion, IA affordable?

Yes, Marion is generally considered affordable, with a cost of living index of 75 — about 25% below the US national average of 100.

Marion at a Glance

Population
41,690
Median Income
$87,105
Home Value
$230,800
Median Rent
$978/mo
Unemployment
3.4%
Sales Tax
6.9%
View all cities in Iowa →
🗺️ County data for Iowa

Explore county-level cost of living data

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