Cost of Living in Nevada, IA
Population 6,952 · Iowa · Data vintage 2023
(100 = US avg)
Nevada offers a notably favorable income-to-housing ratio for its region. The typical home — $178,000 — costs less than 2.4 times median household income of $75,221, a threshold many coastal markets passed a decade ago. The labor market has been unusually tight, with unemployment around 1.2% — below most comparable cities in the state.
Nevada is about 30 miles north 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
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Nevada
The median home value in Nevada is $177,800 — 42% below the national median of $305,000. Median rent runs $884/month, 33% lower than the national median of $1,314/month. The median household income of $75,221/year is 1% higher than the US median of $74,580. The local unemployment rate is 1.2%, 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, Nevada has a cost of living index of 62 versus the US average of 100, meaning it is 38% less expensive.
Nevada has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Nevada, IA?
Nevada has a cost index of 62 (100 = national average). It is 38% below the national average.
What is average rent in Nevada, IA?
The median gross rent in Nevada is $884 per month based on 2023 Census data.
What is the average home price in Nevada?
The median home value in Nevada is $177,800 according to Zillow and Census data.
What is the median income in Nevada?
The median household income in Nevada is $75,221 per year (2023 ACS 5-year estimates).
What is the sales tax in Nevada, IA?
The combined state and local sales tax rate in Nevada is 6.9%. The Iowa state income tax top rate is 5.7%.
Is Nevada, IA affordable?
Yes, Nevada is generally considered affordable, with a cost of living index of 62 — about 38% below the US national average of 100.
Nevada at a Glance
- Population
- 6,952
- Median Income
- $75,221
- Home Value
- $177,800
- Median Rent
- $884/mo
- Unemployment
- 1.2%
- Sales Tax
- 6.9%
Explore county-level cost of living data
Iowa Rankings
Similar Cost Cities
Cities in other states with comparable housing costs