Cost of Living in Newton, IA: Rent, Income & Home Prices

CheapRent takes 17 cents of every $1 people earn here.

🏠 Rent per month (2026)$90249% lower than U.S. average

💵 Families earn per year (2026)$62,306about $5,192/month · 28% lower than U.S. average

🔑 House price$153,70054% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $36,080 a year. That is $17 an hour at a full-time job.

Is rent cheaper than other Iowa cities?

Yes. Rent here is cheaper than in most of Iowa. It is number 21 of 86 cities from cheapest to most expensive.

Newton

$902

$1,778

$1,664

$927

$1,187

$854

$1,367

How much do households earn in Newton?

Under $25k

19.7%

$25k–50k

28.0%

$50k–100k

32.9%

$100k–150k

10.5%

$150k+

5.8%

Share of households by yearly income. 16.3% of households earn $100,000 or more.

Rent by apartment size in Newton

Size	Newton	U.S. average
1 bedroom	$749	$1,324
2 bedrooms	$919	$1,509
3 bedrooms	$1,184	$1,698
4 bedrooms	$1,498	$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Newton overall?

Everyday prices in Iowa overall are 12% below the U.S. average (index 87.8, U.S. = 100).

Housing

Goods (food, clothes…)

Utilities

Other services

U.S. average

100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Newton, so the Iowa figure is shown.

Taxes and bills in Newton

🏛️ Property tax$2,742a year · 1.78% of home value · U.S. $3,119

⚡ Electric bill$136a month (typical) · U.S. $156

Life in Newton

Commute to work22.3 minU.S.: 26.4 min

College degree19.5%U.S.: 35.7%

Own their home61.5%U.S.: 65.2%

Below poverty line11.1%U.S.: 12.5%

Unemployment5.7%U.S.: 5.2%

Is it cheaper to rent or buy in Newton?

Renting is cheaper right now: about $164 a month less.

Renting

$902

Owning

$1,066

Owning assumes a typical $153,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,370 for the down payment.

Frequently asked questions

What is the average rent in Newton, IA?

Renting in Newton costs a median of about $902 a month in 2026, including utilities. The Iowa median is $1,071.

How much do I need to make to live in Newton?

To keep rent under 30% of income, you need about $36,080 a year, or $17 an hour at a full-time job.

Is Newton cheap or expensive?

Newton is rated Cheap: rent takes 17.4% of the typical household income of $62,306. It ranks 21st cheapest of 86 Iowa cities we track.

How much are property taxes in Newton?

The median homeowner in Newton pays $2,742 a year in property taxes, about 1.78% of the median home value.

Is Newton more expensive than the national average?

Overall prices in Iowa are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Newton?

The median home value in Newton is $153,700, about 2.5 times the typical yearly household income.

15,700 people live in Newton. Numbers are typical (middle) values.

Is Newton, IA expensive to live in?