Cost of Living in Monmouth, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
61.9
100 = national avg
-38.1 vs national average
Living Wage (1 Adult)
$27,237
per year
Living Wage (Family of 4)
$64,379
per year
Cost Index by Category
Housing32.0
Food85.5
Transportation70.9
Healthcare88.4
Utilities77.7
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 Monmouth is 61.9, which is 38.1% below the national average. Housing costs are below the national average at an index of 32.0. A single adult needs to earn approximately $27,237 per year to cover basic expenses.