Cost of Living in Houghton, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
122.6
100 = national avg
+22.6 vs national average
Living Wage (1 Adult)
$53,940
per year
Living Wage (Family of 4)
$127,495
per year
Cost Index by Category
Housing89.4
Food129.8
Transportation159.6
Healthcare123.8
Utilities115.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$733
per month
2 Bedroom
$962
per month
The overall cost of living index in Houghton is 122.6, which is 22.6% above the national average. Housing costs are below the national average at an index of 89.4. A single adult needs to earn approximately $53,940 per year to cover basic expenses.