Cost of Living in Melbourne, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
104.1
100 = national avg
+4.1 vs national average
Living Wage (1 Adult)
$45,792
per year
Living Wage (Family of 4)
$108,235
per year
Cost Index by Category
Housing78.9
Food113.3
Transportation126.7
Healthcare110.7
Utilities103.8
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 Melbourne is 104.1, which is 4.1% above the national average. Housing costs are below the national average at an index of 78.9. A single adult needs to earn approximately $45,792 per year to cover basic expenses.