Median rent is 41% lower in Des Moines ($1,054/mo vs $1,779/mo). Buying is cheaper in Des Moines, where the median home runs $183,700 versus $751,700. Households earn more in New York ($79,713 vs $63,966 a year). Taken together, Des Moines is the more affordable choice with a cost index of 92.1 against 113.0 — about 19% lower overall prices.
Quick verdict
Des Moines is 19% cheaper overall
Cost index: 92.1 in Des Moines vs 113.0 in New York (US average = 100)
City A
Des Moines, IA
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Des Moines, IA?
Equivalent salary in New York, NY
$92,055
You'd need $17,055 more (23% higher).
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
Des Moines
Iowa
New York
New York
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Des Moines — median rent of $1,054/mo versus $1,779/mo in New York, a 41% difference. Home buyers face a steeper market in New York: the median home is $751,700 versus $183,700 in Des Moines — 76% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
Iowa's top income tax rate is 5.70% versus 10.90% in New York, so Des Moines is more tax-friendly for high earners. Sales tax is 6.00% in Iowa and 4.00% in New York; New York has the lower rate (local add-ons may apply in both).
Des Moines
Income tax: 5.70%
Sales tax: 6.00%
New York
Income tax: 10.90%
Sales tax: 4.00%
Des Moines has cleaner air on average: 29.0 AQI (Good) compared to 61.0 AQI (Moderate) in the other city. Lower AQI means cleaner, healthier air.
Pick Des Moines if you prioritize lower overall cost of living (index 92.1 vs 113.0).
Pick New York if you prioritize higher median household income ($79,713/yr).
Pick Des Moines if you prioritize cheaper rent ($1,054/mo median).
Pick Des Moines if you prioritize cleaner air quality (avg AQI 29.0).
Is Des Moines cheaper than New York?
Des Moines is cheaper overall, with a cost of living index of 92.1 versus 113.0 (US average = 100). That means prices run about 19% lower in Des Moines.
How much is rent in Des Moines vs New York?
Median rent is $1,054/mo in Des Moines, IA and $1,779/mo in New York, NY. Des Moines, IA has the lower rent by about 41%.
Which has higher salaries — Des Moines or New York?
Median household income is $63,966 in Des Moines, IA and $79,713 in New York, NY. New York, NY has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Des Moines, IA has better air quality on average: 29.0 AQI versus 61.0 AQI. Both are EPA AirNow annual averages; lower is better.
Which has lower taxes — Des Moines or New York?
Iowa's top income tax rate is 5.70% and New York's is 10.90%. Des Moines, IA has the lower rate.
What salary do I need in New York to match my Des Moines income?
To maintain the same purchasing power, a salary of $100,000 in Des Moines, IA is equivalent to roughly $122,740 in New York, NY (using the BEA Regional Price Parity ratio). Use the salary calculator above for any income amount.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology