Cost of Living in Charlotte, 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)
$39,890
per year
Living Wage (Family of 4)
$94,285
per year
Cost Index by Category
Housing66.7
Food103.3
Transportation106.7
Healthcare102.7
Utilities95.3
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 Charlotte is 90.7, which is 9.3% below the national average. Housing costs are below the national average at an index of 66.7. A single adult needs to earn approximately $39,890 per year to cover basic expenses.