Cost of Living in Hancock, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.0
100 = national avg
-1.0 vs national average
Living Wage (1 Adult)
$43,538
per year
Living Wage (Family of 4)
$102,908
per year
Cost Index by Category
Housing71.5
Food110.7
Transportation121.3
Healthcare108.5
Utilities100.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,148
per month
2 Bedroom
$1,368
per month
The overall cost of living index in Hancock is 99.0, which is 1.0% below the national average. Housing costs are below the national average at an index of 71.5. A single adult needs to earn approximately $43,538 per year to cover basic expenses.