Oskaloosa.com

CNHI/Southeast Iowa

March 21, 2014

Cost to live increasing in Iowa

(Continued)

The monthly transportation expense for a single adult, for a single parent and for a married couple with one working is $618 and for a married couple with both working it is $926.

The total annual basic needs budget for a single adult is $21,914, for a single parent with one child it is $34,983, for a single parent with two children it is $46,459, for a married couple with one working and with one child it is $36,033, for a married couple with one working and with two children it is $43,970, for a married couple with both working and with one child it is $45,515 and for a married couple with both working and with two children it is $57,304.

The numbers used for regions come from component county data weighted according to each county’s share of the total population of the region.

When talking about two parent families with one working full-time, the non-working parent is expected to be providing all of the child care.

For families with children, a one-child family has a 2-year-old toddler; a two-child family has a 2 year old and a 4 year old.

When determining housing and utility budgets the report estimated a single person living in a studio apartment, a couple in a one-bedroom apartment, a family with one child in a two-bedroom apartment and a family with two children in a three bedroom apartment.

Transportation expenses do not include recreational uses.

The report considers health insurance to be a basic need.

The Iowa Policy Project plans to release a second report that looks at the number of Iowa families that must rely on public assistance just to meet a basic budget level for many needs and how eligibility “ceilings” keep people from receiving public support.

 

 

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