Cost of Living in Lamont, IA

Cost indexes, living wages, and fair market rents — 2024 Data

Cost of Living Overview

Overall Index

83.8

100 = national avg

-16.2 vs national average

Living Wage (1 Adult)

$36,887

per year

Living Wage (Family of 4)

$87,188

per year

Cost Index by Category

Housing
73.2
Food
93.0
Transportation
86.0
Healthcare
94.4
Utilities
90.4

100 = national average. Higher = more expensive.

Fair Market Rent

Source: HUD

1 Bedroom

$718

per month

2 Bedroom

$942

per month

The overall cost of living index in Lamont is 83.8, which is 16.2% below the national average. Housing costs are below the national average at an index of 73.2. A single adult needs to earn approximately $36,887 per year to cover basic expenses.