The Cost of Living in Des Moines: A Look at 2023 Expenses

Des Moines is a city with a growing population and a thriving economy, making it an attractive place to live for people from all over the country. But with a growing economy, comes growing expenses. The cost of living in Des Moines has been steadily rising over the past few years, and it is expected to continue to do so in the years to come. It’s important to have a good understanding of these expenses before deciding to move to Des Moines or to plan your budget if you already live there. In this post, we will take a close look at the cost of living in Des Moines, including the prices of housing, food, transportation, and other expenses that you can expect to incur in 2023. By the end of this article, you will have a better idea of what it’s like to live in Des Moines and what you can expect to pay for various expenses.

Des Moines: Why it’s a great place to live

Des Moines is the capital city of Iowa and is a great place to live. It has been recognized as one of the best places to live in the United States due to its low cost of living, good job market, and vibrant culture. The city is home to various attractions such as the Pappajohn Sculpture Park, Iowa State Capitol, Blank Park Zoo, and the Des Moines Art Center, just to mention a few. Des Moines is also known for its diverse food scene, great nightlife, and outdoor recreational activities. The city is surrounded by beautiful parks and waterways, making it a great place for outdoor enthusiasts. The city’s residents are friendly and welcoming, making it easy for newcomers to fit in and feel at home. Overall, Des Moines is a city that offers its residents a high quality of life at an affordable cost, making it an excellent place to live.

Housing Costs: How much does it cost to buy or rent a home in Des Moines?

Housing costs in Des Moines can vary depending on the type of home you want to buy or rent and the location of the property. However, Des Moines is known for having a relatively affordable cost of living compared to other cities in the United States.
If you’re planning to buy a home in Des Moines, the median home price is around $170,000, according to Zillow. This is significantly lower than the national median home price, which is around $310,000. Of course, the price of a home will depend on factors such as the size, location, and age of the property.
If you’re looking to rent a home in Des Moines, the average monthly rent for a one-bedroom apartment is around $800, according to RentCafe. The average rent for a two-bedroom apartment is around $1,000. Again, the actual cost of rent will depend on factors such as the location of the property and the amenities included.
It’s worth noting that the cost of living in Des Moines can be influenced by factors such as property taxes and utility costs. These costs can vary depending on the location of the property and the size of the home. Overall, however, Des Moines offers a relatively affordable cost of living, making it a great place to live for individuals and families looking to save money on housing costs.

Utility Costs: How much will you pay for electricity, heating, and water in Des Moines?

When it comes to calculating the cost of living in Des Moines, it’s important to factor in utility costs. These include electricity, heating, and water bills, which can vary greatly depending on the season and your usage.

According to recent data, the average monthly electricity bill for a family of four in Des Moines is around $128. This is slightly lower than the national average, which is around $147 per month. However, it’s important to note that this cost can increase during the summer months when the use of air conditioning is higher.

Heating costs in Des Moines can also be a significant expense, particularly during the winter months. The average monthly heating bill for a family of four is around $115, which is slightly higher than the national average of $111 per month.

Water bills in Des Moines are also relatively affordable, with the average monthly bill for a family of four coming in at around $40. It’s important to note that this cost can vary greatly depending on your water usage, so it’s important to be mindful of your water consumption and make an effort to conserve where possible.

Overall, while utility costs in Des Moines can be a significant expense, they are generally in line with national averages and can be managed with careful planning and budgeting.

How much will you spend on groceries and dining out in Des Moines?

Food is a major necessity for any individual or family, and it’s important to factor in the cost of groceries and dining out when considering the cost of living in Des Moines. In general, Des Moines has a lower cost of living compared to other major cities in the U.S., and this also applies to food costs. 

According to recent data, the average cost of groceries for a family of four in Des Moines is around $700 per month. This includes the cost of produce, meat, dairy, grains, and other household items. However, the cost may vary based on your food preferences and the number of people in your family. To save money on groceries, you can also consider shopping at local farmers’ markets or discount grocery stores.

When it comes to dining out, Des Moines offers a wide range of restaurants and cuisines to choose from. The average cost for a meal at a mid-range restaurant for two people is around $50, while fast food meals can cost around $8 per person. However, this cost may also vary based on the type of restaurant and the number of people in your group. To save money on dining out, you can also look for coupons or discounts offered by local restaurants or consider cooking at home more often.

Overall, Des Moines offers affordable food options for both groceries and dining out, making it an attractive place to live for those looking to save on their overall cost of living expenses.

What are the costs of owning a car or using public transportation in Des Moines?

Transportation costs are an important consideration when calculating the cost of living in Des Moines. If you own a car, you’ll need to factor in expenses such as car payments, insurance, gas, maintenance, and parking fees. While Des Moines does have a relatively low cost of living, these expenses can add up quickly. On average, the cost of owning a car in Des Moines is around $8,000 per year.

If you prefer to use public transportation, Des Moines has a few options available to you. The Des Moines Area Regional Transit Authority (DART) offers bus services throughout the metro area, including express routes to the suburbs. The cost of a one-way fare is $2 and a monthly pass is $60, making it an affordable option for commuters.

Biking is also becoming a popular transportation option in Des Moines. The city has been making strides in improving bike infrastructure with plans to expand bike lanes and trails in the coming years. This can be a cost-effective and healthy way to get around the city.

Overall, the transportation costs in Des Moines will depend on your individual needs and preferences. It’s important to weigh the costs and benefits of each option before making a decision.

What are the healthcare costs in Des Moines?

One of the most important factors to consider when assessing the cost of living in Des Moines is healthcare expenses. Healthcare costs can vary significantly depending on factors such as age, lifestyle, and pre-existing conditions. In general, the cost of healthcare in Des Moines is lower than national average, making it an attractive option for those looking for affordable healthcare.

Des Moines has a range of healthcare facilities, including hospitals, clinics, and specialist centers, offering a variety of medical services and treatments. The cost of healthcare in Des Moines is comparatively lower than other metropolitan areas in the United States, which is a huge benefit for those looking to save money on medical expenses.

It is important to note that healthcare costs can still add up in Des Moines, especially for those who require ongoing treatment or specialized care. It is recommended that individuals and families budget for healthcare expenses and invest in a good health insurance plan to help mitigate the costs.

Overall, the healthcare costs in Des Moines are reasonable and affordable, making it a great option for those looking to live a comfortable life without breaking the bank. With a variety of healthcare options available, residents can rest assured that they will have access to quality medical care when they need it.

What are the costs of education in Des Moines?

Education is an important consideration for families when moving to a new place, and Des Moines offers a range of educational options for families with children of all ages. The city has both public and private schools, with a variety of educational programs available. 

The cost of education in Des Moines varies depending on the type of school and the level of education. Public schools in Des Moines are a great option for families on a budget as they offer free education, with some schools offering specialized programs such as magnet schools or International Baccalaureate programs.  Private schools in Des Moines can be more expensive, with tuition costs ranging from $5,000 to $25,000 per year, depending on the school and level of education. There are also several higher education institutions in Des Moines, such as Drake University, Grand View University, and Des Moines Area Community College, which offer a range of undergraduate and graduate programs. The cost of tuition for these schools varies depending on the program and level of education, but generally falls within the national average.

Overall, the cost of education in Des Moines is reasonable, with a range of options for families to choose from. Parents should consider their budget and the educational needs of their children when deciding on a school, but can rest assured that Des Moines offers a variety of affordable and high-quality educational options.

What are the costs of entertainment and leisure activities in Des Moines?

Des Moines is a city that offers a variety of entertainment and leisure activities that cater to different age groups and interests. The cost of entertainment and leisure activities in Des Moines can vary depending on the type of activity and the time of year.
For example, if you enjoy outdoor activities, you can enjoy hiking, biking, and camping in the many parks and trails around the city. These activities are usually free or cost very little. However, if you prefer to visit amusement parks or attend concerts, you should expect to spend more.

In terms of movie theaters, ticket prices in Des Moines are generally affordable, ranging from $8 to $12. For those who enjoy live music, the ticket prices for concerts can range from $20 to $100 or more depending on the artist and the venue.
If you’re a sports fan, attending a game at Wells Fargo Arena or Principal Park can cost anywhere from $10 to $50 depending on the team and the seating arrangements.
For families with children, the Science Center of Iowa and Blank Park Zoo are popular attractions with admission prices ranging from $10 to $20 per person.

Overall, Des Moines offers a diverse range of entertainment and leisure activities that cater to many interests and budgets. Whether you prefer outdoor adventures or indoor entertainment, there is something for everyone.

What are the tax rates in Des Moines?

Taxes are an important consideration when it comes to the cost of living in Des Moines. The state of Iowa has a progressive income tax system that ranges from 0.33% to 8.53%, depending on income level. In addition to state income tax, there is also a state sales tax of 6% on all purchases. However, the tax rate for food and prescription drugs is lower, at 1%. 

Des Moines has a local option sales tax of 1%, which brings the total sales tax rate to 7% in the city. Property taxes in Iowa are also a significant factor, and they are based on the value of the property. The state has a homestead tax credit that can provide some relief for homeowners. 

It’s important to keep in mind that tax rates can vary based on income level, and there may be other taxes or fees that apply depending on your specific situation. It’s a good idea to consult with a tax professional or use online calculators to get a better idea of what your tax burden will be in Des Moines. By factoring in taxes along with other expenses, you’ll be able to get a more accurate picture of the overall cost of living in this city.

Summary of the Cost of Living in Des Moines: How does it compare to other cities?

After reviewing the various expenses involved with the cost of living in Des Moines, it’s clear that the city is an affordable place to reside. Compared to other similarly sized cities in the United States, Des Moines ranks at or below average in most categories, including housing, transportation, and healthcare costs.  One area where Des Moines stands out is in the low cost of groceries, which is a significant factor in the overall cost of living. 

In comparison to larger cities such as New York, San Francisco, or Los Angeles, the cost of living in Des Moines is substantially lower. This means that residents can enjoy a good quality of life without having to pay exorbitant costs for basic necessities. 
However, it’s important to note that the cost of living can vary depending on individual circumstances such as income, lifestyle, and family size. That being said, those looking for an affordable place to live in the Midwest should consider Des Moines as a viable option.

We hope you found this article useful in understanding the cost of living in Des Moines. As with any city, the cost of living can vary depending on a variety of factors, but we have provided a comprehensive overview of what you can expect to pay for different expenses in 2023. It’s always important to do your own research and evaluate your own personal expenses to get an accurate idea of what you’ll be spending in Des Moines. We wish you the best of luck in your future endeavors and hope that you found this article helpful in your decision-making process.