Cost of Living in Iowa 2023: A Family-Friendly and Affordable Midwestern State for Working Parents.

Living in Iowa: A Family-Friendly and Affordable Midwestern State


Iowa is a beautiful state in the Midwest, known for its lush greenery, rolling hills, and farming industry. The state is a great place to live for families who enjoy the slower pace of life and a strong sense of community. However, like all states, the cost of living in Iowa can vary depending on several factors like location, lifestyle, and the size of the family.

Affordable Cost of Living in Iowa

One of the main attractions of Iowa for families is its affordability. The cost of living in Iowa is lower than the national average, as the state does not have a large urban area that is inflating prices. This makes it easier for families to purchase homes and afford their basic needs, allowing them to enjoy a higher quality of life without going into debt.

For a family of four with two working parents, the basic cost of living would be around $5,000 per month. However, the actual cost may be higher or lower depending on the location of the family. A family living in the state capital, Des Moines, would need an estimated $6,500 per month to cover basic expenses. In contrast, a family living in a smaller town or rural area of Iowa may spend less than $4,500 per month. Overall, the cost of living in Iowa is significantly less than other states, making it attractive for families who want to stretch their budgets.

Close-Knit Communities and Quality Services

Another attractive feature of living in Iowa is the close-knit communities that exist throughout the state. Many communities in Iowa foster a supportive environment that prioritizes family life and child-rearing. This means that parents can easily find resources and support to help them raise their kids and provide them with the best possible opportunities.

Moreover, Iowa is well known for its excellent schools, safe neighborhoods, and quality healthcare services. Parents can rest easy knowing that they are providing their children with great opportunities by living in Iowa.

Outdoor Activities and Recreation

Living in Iowa also provides ample opportunities for outdoor activities and recreation. The state is home to many parks, lakes, and trails that families can enjoy together. In addition, many Iowa towns host annual festivals, fairs, and events, providing opportunities for families to come together and celebrate their communities.

Job Opportunities and High-Paying Occupations

Iowa is a state that is well-known for its hospitality, agriculture, and education sectors. In recent years, Iowa has been growing rapidly in terms of job opportunities, especially in the fields of management, construction, education, and marketing.

According to the salary data, the highest-paying occupation in Iowa is management occupations, with an average annual salary of $107,016. This broad category includes various managerial positions such as financial managers, human resources managers, and operations managers. Chief executives come in second, earning an average annual salary of $194,771.20. Next are marketing managers with an average annual salary of $130,436.80. This is followed closely by postsecondary education administrators, who earn an average annual salary of $100,880.00.

While these positions are the highest-paying in Iowa, it’s important to keep in mind the cost of living in the state if you’re considering these professions. Living expenses like housing, groceries, and healthcare may impact the actual amount of money you need to earn to support yourself comfortably.

In terms of employment growth, Iowa had a 2.2% increase in jobs in 2021, with the most significant job gains seen in the healthcare and social assistance sector, as well as the trade, transportation, and utilities sector. However, the biggest job losses were in the leisure and hospitality sector, a trend that was seen across the US due to the ongoing pandemic.

It’s also worth noting that some of the highest-paying jobs in the state require advanced education or training. For example, chief executives typically have a Master’s degree in business or a related field and a significant amount of experience. Similarly, marketing managers and postsecondary education administrators usually hold a Bachelor’s or Master’s degree in marketing, business, or education.


In conclusion, if you’re looking to work in Iowa and want a high-paying job, make sure to do your research. Take into consideration the expenses of living in the state and the qualifications required for the job you’re interested in. With the right combination of education and experience, you too can earn a comfortable salary in this beautiful Midwestern state.

Overall, Iowa offers a family-friendly and affordable lifestyle with its lower cost of living, supportive communities, quality services, and abundant outdoor recreational activities. It is an excellent place for families seeking a higher quality of life and opportunities for their children.

Median Home Cost in Iowa (2023): $230,600

The median home cost in Iowa as of 2023 is $230,600, which seems relatively affordable compared to other states in the US. However, when considering the estimated living expenses for a family of two working adults and two children, the required annual income before taxes of $97,405 may seem higher than expected.

Child Care Costs

Child care costs alone make up a significant portion of the estimated living expenses at $17,231 annually, which could be a burden for families with young children. This high cost of child care may need to be taken into account when considering the affordability of living in Iowa.

This content was created by Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.