Cost of Living in New Hampton, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
93.3
100 = national avg
-6.7 vs national average
Living Wage (1 Adult)
$41,041
per year
Living Wage (Family of 4)
$97,005
per year
Cost Index by Category
Housing89.0
Food97.0
Transportation94.0
Healthcare97.6
Utilities96.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$778
per month
2 Bedroom
$919
per month
The overall cost of living index in New Hampton is 93.3, which is 6.7% below the national average. Housing costs are below the national average at an index of 89.0. A single adult needs to earn approximately $41,041 per year to cover basic expenses.