Cost of Living in Luther, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
114.1
100 = national avg
+14.1 vs national average
Living Wage (1 Adult)
$50,214
per year
Living Wage (Family of 4)
$118,688
per year
Cost Index by Category
Housing99.1
Food116.2
Transportation132.5
Healthcare113.0
Utilities109.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$788
per month
2 Bedroom
$1,026
per month
The overall cost of living index in Luther is 114.1, which is 14.1% above the national average. Housing costs are below the national average at an index of 99.1. A single adult needs to earn approximately $50,214 per year to cover basic expenses.