Cost of Living in Nevada, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
106.4
100 = national avg
+6.4 vs national average
Living Wage (1 Adult)
$46,819
per year
Living Wage (Family of 4)
$110,664
per year
Cost Index by Category
Housing99.3
Food107.5
Transportation115.0
Healthcare106.0
Utilities104.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,026
per month
2 Bedroom
$1,153
per month
The overall cost of living index in Nevada is 106.4, which is 6.4% above the national average. Housing costs are below the national average at an index of 99.3. A single adult needs to earn approximately $46,819 per year to cover basic expenses.