Small City74,828 people

Iowa City, IA

Discover how far your salary goes in Iowa City. Compare taxes, rent, and living costs.

Cost Index
92
Below Average
Population

74,828

State Tax

6.0%

1BR Rent

$1,120

/month

vs National

-20%

below avg

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Rent Prices in Iowa City

🏠

Studio

$896

/month

$10,752/year

Most Common
🛏️

1 Bedroom

$1,120

/month

$13,440/year

🏡

2 Bedroom

$1,512

/month

$18,144/year

🏘️

3 Bedroom

$1,960

/month

$23,520/year

Taxes in Iowa

State Income Tax

Iowa

6.0%

For a $100k salary, that's ~$6,000/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

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

Iowa City has a cost of living index of 92, which is 8% below the national average. A 1-bedroom apartment costs around $1,120/month.

What is the state income tax in Iowa?

Iowa has a state income tax rate of approximately 6.0%. This is in addition to federal income tax.

How much is rent in Iowa City?

The median rent for a 1-bedroom apartment in Iowa City is $1,120/month. For a 2-bedroom, expect to pay around $1,512/month. This is 20% below the national average.

Is Iowa City a good place to live?

Iowa City is a small city with a population of 74,828. The cost of living is below average, making it more affordable than average for the US.

See the complete picture for Iowa City

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