Cost of Living in Northwood, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
86.6
100 = national avg
-13.4 vs national average
Living Wage (1 Adult)
$38,096
per year
Living Wage (Family of 4)
$90,046
per year
Cost Index by Category
Housing65.2
Food99.4
Transportation98.8
Healthcare99.5
Utilities92.7
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 Northwood is 86.6, which is 13.4% below the national average. Housing costs are below the national average at an index of 65.2. A single adult needs to earn approximately $38,096 per year to cover basic expenses.