Journal Express, Knoxville, IA

CNHI/SE Iowa

March 21, 2014

Cost to live increasing in Iowa

(Continued)

The same holds true for Iowa families with two working parents.

Two working parent families with health insurance through an employer with one child will save based on a state-wide average $360 per month in health care costs and $548 in health care costs for the same with two children as compared to not having an employer-sponsored health insurance plan.

The report bunched counties into regions and compared the cost for transportation, child care, health care, yearly and hourly earnings, rent, utilities and the total budget needed to meet basic needs. The list is by region and includes West South Central, which includes Appanoose, Wayne, Lucas, Audubon, Guthrie, Adair, Adams, Union, Clarke, Taylor, Ringgold, Decatur and Monroe counties.

In the West South Central region, yearly before tax earnings needed for a single parent with one child is $40,646, with two children it is $54,284; for a married couple with two children and one parent works it is $50,571 and where both parents work it is $66,703.

The hourly wage needed to support a family for a single parent with one child is $20.32, with two children it is $27.14; for a married couple with two children and one parent works it is $25.29 and where both parents work it is $16.68.

The monthly child care expense for a single parent with one child is $481; with two children it is $802; for a married couple with both working with one child it is $481 and with two children it is $802.

The monthly health care expense without employer-sponsored insurance for a single adult is $324, for a single parent with one child it is $506, with two children it is $712, for a married couple with one child it is $830, with two children it is $1,062.

Monthly rent and utilities for a single adult is $420, for a single parent with one child it is $611, with two children it is $817, married couple with one child it is $611 and with two children it is $817.

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