Cost of Living in Colo, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
109.3
100 = national avg
+9.3 vs national average
Living Wage (1 Adult)
$48,104
per year
Living Wage (Family of 4)
$113,700
per year
Cost Index by Category
Housing111.0
Food105.9
Transportation111.8
Healthcare104.7
Utilities105.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,026
per month
2 Bedroom
$1,153
per month
The overall cost of living index in Colo is 109.3, which is 9.3% above the national average. Housing costs are above the national average at an index of 111.0. A single adult needs to earn approximately $48,104 per year to cover basic expenses.