Cost of Living in Greater Des Moines

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Greater Des Moines (DSM) is an affordable place to live that doesn’t compromise on amenities or quality of life. DSM is noted on several fronts for being one of the most affordable places to live: 

It's also ranked among the top 10 most affordable cities with high salaries and low cost of living in the Midwest (Motley Fool Money, 2024). Here, your dollar can go further and your life can be greater.  

The DSM region balances affordability with amenities and a high quality of life. It's also ranked a top 10 most affordable city with high salaries and low cost of living in the Midwest (Motley Fool Money, 2024). Here, your dollar can go further and your life can be greater.  

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Compare Your Cost of Living

Use the Greater Des Moines Partnership’s cost of living calculator to see how your current location compares. Factors like lower utility costs, more affordable groceries and shorter commute times can have a positive impact on your household budget. (Which means more flexibility in your budget for recreation, shopping and restaurants, right?) 

Affordable Rent and Homeownership in Greater Des Moines

With housing costs below the national average and a wide range of options across the region, it’s no surprise that affordability plays a key role in making DSM home. Whether buying or renting, residents can find options that fit a variety of budgets and lifestyles. 

With a variety of community options — from an urban core, to amenity-packed suburbs, cozy small towns and rural expanses — you’re sure to find a neighborhood and town that suits you and your lifestyle well.   

Taxes in Iowa

Iowa’s statewide sales tax is 6%, and with the county taxes, in DSM that means your sales tax is 7%. Tax legislation in the state is regularly put forward. Iowa has transitioned to a flat 3.8% personal income tax, simplifying the state’s tax structure for residents.

Job Compensation

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Compensation is a key component of cost of living and DSM has the data to back up why living in Iowa is so affordable. Iowa Workforce Development’s Iowa Wage Report contains the most current wage information for the state. This annual report offers insights into more than 700 occupations, including entry, mean and experienced wages for these occupations. Wage information for the Des Moines-West Des Moines area is available, too, including hourly and annual wages thanks to the Occupational Employment and Wage Statistics (OEwS) program. 

Jobs across a wide range of industries provide abundant career growth opportunities. Employers across the region aren’t just looking for someone to fill a position but join a workplace capable of providing solutions as they adapt for the world of tomorrow, where work-life balance and company culture are fundamental. 

Ready to Learn More? Connect with DSM