Cost of Living in Mitchell, IA
Population: 134 | Iowa
Mitchell is 18% less expensive than the national average.
Cost of Living in Mitchell, IA: What You Need to Know
With a cost of living index of 82, Mitchell, IA is a very affordable place to live. Living here is 18% cheaper than the national average and 11% above the Iowa state average of 71. Mitchell is a small community of 134 residents.
The median household income in Mitchell is $66,250, which is 12% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Mitchell. The area sees an average annual temperature of 45.6°F, with summers averaging 70°F and winters around 19°F. Annual rainfall totals 36.3 inches spread over roughly 116 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $66,250
- vs US Median ($75,149)
- -12%
Housing
- Median Home Value
- $119,200
- Median Monthly Housing Cost
- $850/mo
Climate in Mitchell
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 24 | 29 | 42 | 58 | 70 | 80 | 83 | 80 | 74 | 60 | 44 | 30 |
| Avg °F | 16 | 20 | 33 | 46 | 58 | 69 | 72 | 69 | 61 | 48 | 34 | 22 |
| Low °F | 7 | 11 | 24 | 35 | 47 | 57 | 61 | 58 | 49 | 37 | 24 | 14 |
| Rain" | 0.9 | 1.2 | 2.3 | 4.2 | 5.2 | 5.4 | 4.4 | 3.8 | 3.5 | 2.5 | 1.7 | 1.3 |