Cost of Living in Mount Pleasant, IA

Population 9,093 · Iowa · Data vintage 2023

52
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Mount Pleasant 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. An unemployment rate of 2.5% points to a labor market well on the tight side of the national distribution.

Located 65 miles southwest of Davenport, Mount Pleasant is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 11% lower than Davenport's $163,000.

Cost Overview

Housing 48
Rent 59

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

About the Cost of Living in Mount Pleasant

The median home value in Mount Pleasant is $145,600 — 52% below the national median of $305,000. Median rent runs $773/month, 41% lower than the national median of $1,314/month. The median household income of $59,216/year is 21% lower than the US median of $74,580. The local unemployment rate is 2.5%, 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, Mount Pleasant has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.

🏠 Housing

Median Home Value
$145,600
52% below avg
Zillow Home Value
$183,817
Zillow ZHVI
Median Rent
$773/mo
41% below avg
Price-to-Rent Ratio
15.7x
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 65.1%
Renter-occupied 34.9%

💰 Estimated Monthly Budget

Rent median rent
$773
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,387/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
15.7 min
42% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.8%

Commute Mode

Drove alone
77.9%
Carpooled
11.8%
Walked
1.9%
Bicycle
0.2%
Work from home
7.8%

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
$59,216
21% below avg
Per Capita Income
$28,670
Unemployment Rate
2.5%
47% below avg
Poverty Rate
17.1%
Labor Force Participation
55.5%

🎓 Education

Bachelor's degree+ 16.0%
Graduate degree 7.5%

👥 Demographics

Median Age 35.9
Male median age 34.2
Female median age 42.2

Frequently Asked Questions

What is the cost of living in Mount Pleasant, IA?

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

What is average rent in Mount Pleasant, IA?

The median gross rent in Mount Pleasant is $773 per month based on 2023 Census data.

What is the average home price in Mount Pleasant?

The median home value in Mount Pleasant is $145,600 according to Zillow and Census data.

What is the median income in Mount Pleasant?

The median household income in Mount Pleasant is $59,216 per year (2023 ACS 5-year estimates).

What is the sales tax in Mount Pleasant, IA?

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

Is Mount Pleasant, IA affordable?

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