Cost of Living in Hopkinton, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
94.6
100 = national avg
-5.4 vs national average
Living Wage (1 Adult)
$41,616
per year
Living Wage (Family of 4)
$98,366
per year
Cost Index by Category
Housing57.6
Food111.6
Transportation123.1
Healthcare109.2
Utilities98.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$838
per month
2 Bedroom
$919
per month
The overall cost of living index in Hopkinton is 94.6, which is 5.4% below the national average. Housing costs are below the national average at an index of 57.6. A single adult needs to earn approximately $41,616 per year to cover basic expenses.