Cost of Living in Craig, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
79.5
100 = national avg
-20.5 vs national average
Living Wage (1 Adult)
$34,982
per year
Living Wage (Family of 4)
$82,685
per year
Cost Index by Category
Housing73.0
Food88.2
Transportation76.4
Healthcare90.6
Utilities87.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$772
per month
2 Bedroom
$980
per month
The overall cost of living index in Craig is 79.5, which is 20.5% below the national average. Housing costs are below the national average at an index of 73.0. A single adult needs to earn approximately $34,982 per year to cover basic expenses.