IOWA CITY
Cost of Living

The American Chamber of Commerce Researchers Association (ACCRA) cost of living index measures relative price levels for consumer goods and services in participating areas. The average for all participating places, both metropolitan and non-metropolitan, equals 100, and each participant's index is read as a percentage of the average for all places.

Composite index: 99.3
Grocery items: 96.4
Housing index: 98.9
Utilities: 104.6
Transportation index: 101.6
Health care index: 90.6
Miscellaneous goods and services: 100.5

Home Values and Rent Rates
Median home value: $124,961
Average selling price (first six months of '99): $135,078
Highest selling price: $366,357
Lowest selling price: $38,000
Average rent for efficiency (studio) apartment: $340 /month
Average rent for one-bedroom apartment: $435 /month
Average rent for two-bedroom apartment: $560/ month
Average rent for three bedroom apartment: $795 /month
Average rent for four bedroom apartment: $1042/month

Rent rates by number of units, 1990 U.S. Census data (11,912 total units):
Less than $250, 2,067, 17.4 percent
$250-$499, 7,421, 62.3 percent
$500-$749, 2,130, 17.9 percent
$750-$999, 227, 1.9 percent
$1000 or more, 67, 0.6 percent

The distribution of home values, in the following categories:
$500,000 or higher, 0.6 percent; $250,000 to $499,999, 7.4 percent; $150,000 to $249,999, 22.7 percent; $100,000 to $149,999, 36.5 percent; $75,000 to $99,999, 22.8 percent; $20,000 to $74,999, 9.9 percent; Less than $20,000, 0.24 percent

Population by household income in the following categories:
$100,000 or more, 13.8 percent
$75,000-$99,999, 9.8 percent
$50,000-$74,999, 16.0 percent
$35,000-$49,999, 14.0 percent
$25,000-$34,999, 11.5 percent
$15,000-$24,999, 15.3 percent
Less than $15,000, 19.5 percent

Taxes
City property taxes: $1,385.10 per $100,000 of assessed valuation
County property taxes: $537.57 per $100,000 of assessed valuation
School district property tax: $1,207.51 per $100,000 of assessed valuation
Total property taxes: $3,152.78 per $100,000 of assessed valuation
Sales taxes: 5 percent

Service Rates
Water rate: $5.90 for first 100 cubic feet, $2.76/100 ft3 up to 3,000 ft3, $1.96/100 ft3 above 3,001
Sewer rate: $5.92 for first 100 cubic feet, $2.90/100 ft3 above 101.
Gas, electricity rates: MidAmerican Energy Company, (888) 427-5632
Phone rates: US West, one-time hook-up fee of $33, $18 per month for one residential line, $18 per month for two (800) 244-1111; McLeod USA (800) 500-3003; South Slope Telephone Company (800) 272-6449
Cable: $12.40 per month for basic, an additional $15.83 per month for expanded basic, other packages vary, call AT&T for information (319) 351-3984
Trash pick up: $8.75 per month

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