Cost of Living in Laurel, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
84.0
100 = national avg
-16.0 vs national average
Living Wage (1 Adult)
$36,964
per year
Living Wage (Family of 4)
$87,369
per year
Cost Index by Category
Housing68.3
Food95.2
Transportation90.4
Healthcare96.2
Utilities90.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$731
per month
2 Bedroom
$959
per month
The overall cost of living index in Laurel is 84.0, which is 16.0% below the national average. Housing costs are below the national average at an index of 68.3. A single adult needs to earn approximately $36,964 per year to cover basic expenses.