📈 Investment & Retirement Calculators Iowa

Iowa Retirement Calculator

Plan your retirement in Iowa. Factor in lower cost of living and state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Iowa Quick Facts

3.8% Income Tax Rate

1.57% Property Tax Rate

$65,573 Median Income

90.1 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Iowa. Iowa has a flat 3.8% state income tax on retirement income. Cost of living index: 90.1 (100 = national avg). Desired income is pre-filled based on 80% of Iowa's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Iowa: Iowa has a flat 3.8% state income tax on retirement income. Cost of living: 90.1/100. Property tax: 1.57%. Median home: $205,000. Average home insurance: $2,020/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is Iowa a good state to retire in?

Iowa has relatively low taxes, making it favorable for retirees. Cost of living is near the national average. Median home price: $205,000.

How much do I need to retire in Iowa?

Using the 4% rule, to generate $4,372/month (80% of Iowa median income) you'd need approximately $1,311,460 saved. Adjust up or down based on your lifestyle and housing costs.