Cost of Living in Bancroft, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.8
100 = national avg
-24.2 vs national average
Living Wage (1 Adult)
$33,373
per year
Living Wage (Family of 4)
$78,883
per year
Cost Index by Category
Housing65.7
Food87.1
Transportation74.2
Healthcare89.7
Utilities85.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$700
per month
2 Bedroom
$919
per month
The overall cost of living index in Bancroft is 75.8, which is 24.2% below the national average. Housing costs are below the national average at an index of 65.7. A single adult needs to earn approximately $33,373 per year to cover basic expenses.