Cost of Living in New Albin, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
78.6
100 = national avg
-21.4 vs national average
Living Wage (1 Adult)
$34,566
per year
Living Wage (Family of 4)
$81,702
per year
Cost Index by Category
Housing54.0
Food95.0
Transportation90.1
Healthcare96.0
Utilities87.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$754
per month
2 Bedroom
$919
per month
The overall cost of living index in New Albin is 78.6, which is 21.4% below the national average. Housing costs are below the national average at an index of 54.0. A single adult needs to earn approximately $34,566 per year to cover basic expenses.