Cost of Living in Carpenter, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.7
100 = national avg
-9.3 vs national average
Living Wage (1 Adult)
$39,911
per year
Living Wage (Family of 4)
$94,336
per year
Cost Index by Category
Housing62.2
Food105.3
Transportation110.6
Healthcare104.2
Utilities95.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$774
per month
2 Bedroom
$919
per month
The overall cost of living index in Carpenter is 90.7, which is 9.3% below the national average. Housing costs are below the national average at an index of 62.2. A single adult needs to earn approximately $39,911 per year to cover basic expenses.