Cost of Living in Homestead, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.7
100 = national avg
+8.7 vs national average
Living Wage (1 Adult)
$47,845
per year
Living Wage (Family of 4)
$113,089
per year
Cost Index by Category
Housing93.3
Food113.4
Transportation122.1
Healthcare110.7
Utilities106.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$709
per month
2 Bedroom
$919
per month
The overall cost of living index in Homestead is 108.7, which is 8.7% above the national average. Housing costs are below the national average at an index of 93.3. A single adult needs to earn approximately $47,845 per year to cover basic expenses.