Compared to the national average, Davenport, Iowa has a low cost of living. However, the cost of gas is on the rise. The prices are expected to increase by 3% over the next year.
Cost of living in Davenport is 3% lower than the national average
Having cost of living information before moving can help you determine how much money you’ll need to make ends meet in your new city. It can also be a useful tool when you’re job searching or relocating, so you can make sure you’re able to get a job or live in the best city for you. Knowing your options can help you avoid debt, save money, and create a better financial profile.
The cost of living is measured by a number of factors, including your housing costs, transportation costs, food and drink, education, health care, and taxes. Depending on your specific needs, the cost of living in your new city may be higher or lower than the national average. A cost of living calculator can help you determine whether you’ll need to make a bigger salary to live comfortably in your new city.
Housing is usually the largest expense for most people. It includes your mortgage, home insurance, and monthly payments. Depending on the type of home you choose, your housing costs may be lower or higher than the national average.
Other expenses include transportation, health care, food, and entertainment. The cost of transportation is often considered the most important, but it is not the only factor affecting your cost of living. A motor club survey shows that Davenport, Iowa is home to the cheapest gas in the country. It is cheaper than other Iowa cities, but not as cheap as Kansas. A Gallon of gas in Davenport costs $2.09 compared to $2.33 in the Iowa Quad Cities and $2.33 in Des Moines.
In addition to housing, health care is the second biggest expense for most people. Your health care expenses include doctor visits, medications, and over the counter drugs. In Davenport, the cost of health care is a tad lower than the national average. A family of four spends an average of $8,743 on food, and a single adult spends $3,027.
Education is another cost of living in Davenport, Iowa. Those over 25 years of age have a 7% higher education rate than the national average. The average annual cost of food in Davenport is 5% lower than the national average. The average gas price in Davenport is four cents lower than the national average. Food expenditures range from $8,504 to $9,354 nationally.
A MoneyGeek cost of living calculator allows you to see how much it would cost to live in your new city, based on your specific expenses. It uses data from the U.S. Bureau of Labor Statistics and the Council for Community and Economic Research. It allows you to compare your current expenses to the costs of living in 500 cities across the U.S. The calculator will update based on your inputs, and you’ll receive a breakdown of the most expensive cities and the least expensive cities to live in.
Iowa is a leader in renewable energy
During the past few years, Iowa has become one of the leading states in the nation for renewable energy. This industry has led to economic development, a robust supply chain and jobs for Iowans. Renewables include solar power, wind power and energy efficiency. These clean energy sources generate more than $5 billion in GDP for Iowa and support more than 5,000 jobs.
Iowa has an impressive policy environment that supports renewable energy development. Currently, local governments have the final say when it comes to renewable energy projects. While this may seem like a good thing, it also presents some challenges. For example, transmission lines have to be upgraded in order to accommodate the increase in renewable energy. Also, solar panels are becoming ubiquitous in Iowa.
Iowa has also developed specialized wind energy and turbine technology programs at several of its public universities. These programs are training technicians to install the latest wind turbines. The program has connected nearly 1,800 Iowans to the industry. The industry has also attracted large companies like Google and Facebook. These businesses have sought out locations in Iowa that are already leading the renewable energy industry.
Wind power, which is renewable, has a significant role in reducing carbon emissions. Iowa was one of the first states to implement a renewable portfolio standard, which requires investor-owned utilities to acquire 105 megawatts of renewable generating capacity. This law grew out of a need to reduce the state’s dependency on fossil fuels. In fact, Iowa currently ranks second among states for wind power installed capacity. This is largely due to a thriving wind energy industry.
According to a report published by the Environment Iowa Research & Policy Center, renewables have grown to account for 59 percent of Iowa’s energy. These clean power sources include wind power, solar power, electric vehicles and heat pumps.
Iowa has the potential to expand its wind and solar energy portfolio further. In addition, the state’s supply chain is capable of producing all the major components of wind turbines. The state’s public universities are also undertaking academic research to advance the industry. These programs have helped Iowa become a leading state for wind and solar.
In 2020, the clean energy industry supported 3,953 Iowa jobs. Veterans made up more than 10 percent of this workforce. This number grew twice as fast as the overall employment rate in 2020. This is a reflection of the growing industry’s ability to provide family-supporting jobs. In addition to these jobs, clean energy generated $130 million in taxes that support hospitals and schools. In addition, clean power taxes support road repairs and bridges.
Wind and solar energy generate enough power to meet 69% of Iowa’s electricity demand. In 2020, Iowa added 1,217 megawatts of clean power capacity. These additions will help the state reach its goal of producing 100% of its electricity from renewable sources. This will help position the state to become even more of a leader in renewable energy.
Iowa gas prices are on the rise
Those who drive in Iowa are feeling the pinch of record high gas prices. The average cost of a gallon of regular unleaded in Iowa is now $3.56, a jump of nearly five percent over the past week. That price is almost 55 cents higher than a year ago.
Gas prices in Iowa have been rising for several months. Last month, the average price of a gallon of gasoline was just below $3.57, but now it is about $4.56. This is a far cry from a year ago, when the price of a gallon of gasoline in Iowa was $2.95.
The rise in gas prices is a result of a number of factors. First, the Russian invasion of Ukraine has driven up the price of gas, contributing to the nationwide price spike. Second, diminishing refining capacity has led to a surge in demand. Finally, weather conditions are contributing to the price increase. In Iowa, prices have risen by nearly nine cents in the last two days.
In fact, the average cost of a gallon of gas in Iowa is 55 cents more than a year ago. It is also 16 cents higher than it was a month ago. This price rise is expected to continue into the summer months, when the price of gas is expected to increase even more.
The price of diesel fuel has also increased in Iowa. Last week, it was $4.77 a gallon, almost two percent higher than the week before. This price rise is similar to the national price jump of diesel fuel.
The price of gasoline in Iowa is expected to continue to rise into the summer months, especially if travelers plan to travel during the holiday season. Many people who travel for work and pleasure are also feeling the pinch of rising gas prices. Some have canceled summer vacations and others have stayed closer to home.
The average price of a gallon of regular unleaded is 61 cents more than a year ago. This price spike is the highest in the country. It is also the fastest since Hurricane Katrina in 2005. There are other factors that may be contributing to the rise in gas prices in Iowa. Some of these factors include the Russian invasion of Ukraine, diminishing refining capacity, and weather conditions.
A number of Iowa City community members have spoken out about the effect that high gas prices have had on their lives. They hope to see prices come down soon. They have also found ways to save money while still driving. One local driver education teacher, Susan Toth, said she has been driving to work and trying to make it a few more miles each day. But she recently lost a loved one, so she hasn’t been able to visit her family.
