Cost of Living in Boone, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
97.3
100 = national avg
-2.7 vs national average
Living Wage (1 Adult)
$42,806
per year
Living Wage (Family of 4)
$101,177
per year
Cost Index by Category
Housing89.3
Food101.4
Transportation102.8
Healthcare101.1
Utilities98.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$788
per month
2 Bedroom
$1,026
per month
The overall cost of living index in Boone is 97.3, which is 2.7% below the national average. Housing costs are below the national average at an index of 89.3. A single adult needs to earn approximately $42,806 per year to cover basic expenses.