Cost of Living in New Hampton, IA
Population 3,462 · Iowa · Data vintage 2023
(100 = US avg)
New Hampton is a smaller Iowa community of around 3000 residents, where median household incomes of $61,491 and housing costs ($159,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 65 miles south of Rochester, New Hampton is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 45% lower than Rochester's $288,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in New Hampton
The median home value in New Hampton is $159,200 — 48% below the national median of $305,000. Median rent runs $838/month, 36% lower than the national median of $1,314/month. The median household income of $61,491/year is 18% lower than the US median of $74,580. The local unemployment rate is 3.2%, 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, New Hampton has a cost of living index of 57 versus the US average of 100, meaning it is 43% less expensive.
New Hampton 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 New Hampton, IA?
New Hampton has a cost index of 57 (100 = national average). It is 43% below the national average.
What is average rent in New Hampton, IA?
The median gross rent in New Hampton is $838 per month based on 2023 Census data.
What is the average home price in New Hampton?
The median home value in New Hampton is $159,200 according to Zillow and Census data.
What is the median income in New Hampton?
The median household income in New Hampton is $61,491 per year (2023 ACS 5-year estimates).
What is the sales tax in New Hampton, IA?
The combined state and local sales tax rate in New Hampton is 6.9%. The Iowa state income tax top rate is 5.7%.
Is New Hampton, IA affordable?
Yes, New Hampton is generally considered affordable, with a cost of living index of 57 — about 43% below the US national average of 100.
New Hampton at a Glance
- Population
- 3,462
- Median Income
- $61,491
- Home Value
- $159,200
- Median Rent
- $838/mo
- Unemployment
- 3.2%
- Sales Tax
- 6.9%
Nearby Cities
Explore county-level cost of living data
Iowa Rankings
Similar Cost Cities
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