Cost of Living in Story City, IA

Population 3,363 · Iowa · Data vintage 2023

70
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Story City can reasonably expect a home to cost less than three years of household income — $206,000 against $73,558 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

Geographically, Story City is about 40 miles north of Des Moines, the nearest large metro. Median home values run roughly 12% higher than Des Moines' $184,000.

Cost Overview

Housing 67
Rent 73

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

About the Cost of Living in Story City

The median home value in Story City is $205,800 — 33% below the national median of $305,000. Median rent runs $956/month, 27% lower than the national median of $1,314/month. The median household income of $73,558/year is 1% lower than the US median of $74,580. The local unemployment rate is 3.9%, 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, Story City has a cost of living index of 70 versus the US average of 100, meaning it is 30% less expensive.

🏠 Housing

Median Home Value
$205,800
33% below avg
Zillow Home Value
$494,744
Zillow ZHVI
Median Rent
$956/mo
27% below avg
Price-to-Rent Ratio
17.9x
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 74.5%
Renter-occupied 25.4%

💰 Estimated Monthly Budget

Rent median rent
$956
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,570/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
22.2 min
18% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.8%

Commute Mode

Drove alone
91.3%
Carpooled
2.3%
Walked
0.8%
Work from home
4.8%

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
$73,558
1% below avg
Per Capita Income
$41,496
Unemployment Rate
3.9%
19% below avg
Poverty Rate
13.1%
Labor Force Participation
63.9%

🎓 Education

Bachelor's degree+ 27.1%
Graduate degree 8.6%

👥 Demographics

Median Age 44.6
Male median age 39.4
Female median age 45.5

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
17:1
Student-teacher ratio
3
Public schools
1,139
Total enrollment

Frequently Asked Questions

What is the cost of living in Story City, IA?

Story City has a cost index of 70 (100 = national average). It is 30% below the national average.

What is average rent in Story City, IA?

The median gross rent in Story City is $956 per month based on 2023 Census data.

What is the average home price in Story City?

The median home value in Story City is $205,800 according to Zillow and Census data.

What is the median income in Story City?

The median household income in Story City is $73,558 per year (2023 ACS 5-year estimates).

What is the sales tax in Story City, IA?

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

Is Story City, IA affordable?

Yes, Story City is generally considered affordable, with a cost of living index of 70 — about 30% below the US national average of 100.

Story City at a Glance

Population
3,363
Median Income
$73,558
Home Value
$205,800
Median Rent
$956/mo
Unemployment
3.9%
Sales Tax
6.9%
View all cities in Iowa →
🗺️ County data for Iowa

Explore county-level cost of living data

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