Cost of Living in Fairport, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
119.6
100 = national avg
+19.6 vs national average
Living Wage (1 Adult)
$52,642
per year
Living Wage (Family of 4)
$124,427
per year
Cost Index by Category
Housing123.3
Utilities107.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$858
per month
2 Bedroom
$1,071
per month
The overall cost of living index in Fairport is 119.6, which is 19.6% above the national average. Housing costs are above the national average at an index of 123.3. A single adult needs to earn approximately $52,642 per year to cover basic expenses.