Cost of Living in Iowa Falls, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
83.7
100 = national avg
-16.3 vs national average
Living Wage (1 Adult)
$36,842
per year
Living Wage (Family of 4)
$87,082
per year
Cost Index by Category
Housing84.0
Food90.5
Transportation68.1
Healthcare92.4
Utilities91.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$700
per month
2 Bedroom
$919
per month
The overall cost of living index in Iowa Falls is 83.7, which is 16.3% below the national average. Housing costs are below the national average at an index of 84.0. A single adult needs to earn approximately $36,842 per year to cover basic expenses.