Iowa · Population 212,464 · Updated March 2026
How far your income goes in Des Moines
State-level tax rates that affect your costs
Des Moines is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 70 (where 100 equals the national median), Des Moines residents can expect to pay median rent of $1,054/month while earning a median household income of $63,966/year.
The median home value in Des Moines, IA is $183,700, with typical monthly owner costs around $1,137 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Iowa has a moderate income tax rate of 5.7%. Combined with a 6.0% sales tax rate and 1.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Des Moines.
Common questions about living costs in Des Moines
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