Cost of living index

Ames, IA

88.8 / 100

Living in Ames, IA is 11.2% cheaper than the US average — the #316 of 387 highest nationally.

Median rent: $1,002/mo

Median home value: $231,600

Figures — including the cost index, median rent, and median home value — cover the wider Ames, IA metropolitan area, not individual neighbourhoods or city boundaries.

Winter
32° / 14°F
(0° / -10°C)
2.4 in precip
Spring
60° / 38°F
(16° / 3°C)
11 in precip
Summer
82° / 61°F
(28° / 16°C)
14.5 in precip
Fall
62° / 39°F
(17° / 4°C)
8 in precip

30-year climate normals (1991–2020) from AMES MUNI AP, via NOAA.

The Ames, IA metro area has an overall price level of 88.8 compared with the national average of 100, meaning everyday costs run about 11.2% lower than a typical US metro. Housing tells the sharper story: at 69.2 it is 30.8% below the national average. Housing rents are often one of the largest sources of difference between metro areas, so this figure can have a significant impact when comparing locations.

Overall#316 of 387
88.8
Goods#335 of 387
93.7
Housing rents#269 of 387
69.2
Utilities#295 of 387
83.0
Other services#371 of 387
92.9

Ames, IA is moved down the most by housing rents, at 69.2 vs a US average of 100, while the closest to average is goods.

Browse Iowa →See the cheapest and most expensive US metros →

Figures on this page come from the US Bureau of Economic Analysis (BEA) Regional Price Parities dataset, 2024 — the most recent year published. An index of 100 marks the national average; a metro above 100 has higher prices than a typical US metro, below 100 lower. Median rent and median home value are from the US Census Bureau’s American Community Survey (ACS) 2023 5-year estimates, and seasonal weather is from NOAA’s 1991–2020 climate normals. These are regional figures only, not a complete personal budget — they don’t account for individual spending habits, taxes, or household circumstances. See the full methodology for how the index and salary-equivalent estimates are calculated.

Compare My City is an independent project and is not operated by, endorsed by, or affiliated with the Bureau of Economic Analysis, the Census Bureau, or NOAA.

Is Ames, IA an expensive place to live?

Ames, IA has an overall cost-of-living index of 88.8, where 100 is the US average. That makes it about 11.2% cheaper than the country as a whole.

Is housing expensive in Ames, IA?

Housing rents in Ames, IA score 69.2 against a US average of 100 — roughly 30.8% below average. Housing rents are often the main driver of differences in overall price levels between metro areas.

How does Ames, IA compare to the US average cost of living?

Overall prices in Ames, IA sit at 88.8 versus 100 for the US average, with housing at 69.2. Figures come from the US Bureau of Economic Analysis for 2024.