Cost of Living in Melrose, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.0
100 = national avg
-27.0 vs national average
Living Wage (1 Adult)
$32,114
per year
Living Wage (Family of 4)
$75,907
per year
Cost Index by Category
Housing43.8
Food93.0
Transportation86.0
Healthcare94.4
Utilities84.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$700
per month
2 Bedroom
$919
per month
The overall cost of living index in Melrose is 73.0, which is 27.0% below the national average. Housing costs are below the national average at an index of 43.8. A single adult needs to earn approximately $32,114 per year to cover basic expenses.