Cost of Living in Derby, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.6
100 = national avg
-26.4 vs national average
Living Wage (1 Adult)
$32,394
per year
Living Wage (Family of 4)
$76,567
per year
Cost Index by Category
Housing41.0
Food94.9
Transportation89.8
Healthcare95.9
Utilities85.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$743
per month
2 Bedroom
$975
per month
The overall cost of living index in Derby is 73.6, which is 26.4% below the national average. Housing costs are below the national average at an index of 41.0. A single adult needs to earn approximately $32,394 per year to cover basic expenses.