Cost of Living in Andover, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
69.3
100 = national avg
-30.7 vs national average
Living Wage (1 Adult)
$30,511
per year
Living Wage (Family of 4)
$72,116
per year
Cost Index by Category
Housing63.7
Utilities89.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$729
per month
2 Bedroom
$956
per month
The overall cost of living index in Andover is 69.3, which is 30.7% below the national average. Housing costs are below the national average at an index of 63.7. A single adult needs to earn approximately $30,511 per year to cover basic expenses.