Cost of Living in Downey, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.3
100 = national avg
-6.7 vs national average
Living Wage (1 Adult)
$41,058
per year
Living Wage (Family of 4)
$97,045
per year
Cost Index by Category
Housing110.4
Transportation46.8
Utilities103.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$736
per month
2 Bedroom
$966
per month
The overall cost of living index in Downey is 93.3, which is 6.7% below the national average. Housing costs are above the national average at an index of 110.4. A single adult needs to earn approximately $41,058 per year to cover basic expenses.