Small Town3,494 people

New Hampton, IA

Discover how far your salary goes in New Hampton. Compare taxes, rent, and living costs.

Cost Index
88
Below Average
Population

3,494

State Tax

6.0%

1BR Rent

$952

/month

vs National

-32%

below avg

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Rent Prices in New Hampton

🏠

Studio

$762

/month

$9,144/year

Most Common
🛏️

1 Bedroom

$952

/month

$11,424/year

🏡

2 Bedroom

$1,285

/month

$15,420/year

🏘️

3 Bedroom

$1,666

/month

$19,992/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 New Hampton, IA?

New Hampton has a cost of living index of 88, which is 12% below the national average. A 1-bedroom apartment costs around $952/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 New Hampton?

The median rent for a 1-bedroom apartment in New Hampton is $952/month. For a 2-bedroom, expect to pay around $1,285/month. This is 32% below the national average.

Is New Hampton a good place to live?

New Hampton is a small town with a population of 3,494. The cost of living is below average, making it more affordable than average for the US.

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