Cost of Living in Malcom, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.4
100 = national avg
-6.6 vs national average
Living Wage (1 Adult)
$41,076
per year
Living Wage (Family of 4)
$97,088
per year
Cost Index by Category
Housing68.0
Food105.8
Transportation111.7
Healthcare104.7
Utilities97.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$853
per month
2 Bedroom
$988
per month
The overall cost of living index in Malcom is 93.4, which is 6.6% below the national average. Housing costs are below the national average at an index of 68.0. A single adult needs to earn approximately $41,076 per year to cover basic expenses.