Cost of Living in Corning, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
85.4
100 = national avg
-14.6 vs national average
Living Wage (1 Adult)
$37,582
per year
Living Wage (Family of 4)
$88,831
per year
Cost Index by Category
Housing69.7
Food96.2
Transportation92.4
Healthcare97.0
Utilities91.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$711
per month
2 Bedroom
$933
per month
The overall cost of living index in Corning is 85.4, which is 14.6% below the national average. Housing costs are below the national average at an index of 69.7. A single adult needs to earn approximately $37,582 per year to cover basic expenses.