Cost of Living in Oakland, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.6
100 = national avg
-0.4 vs national average
Living Wage (1 Adult)
$43,824
per year
Living Wage (Family of 4)
$103,583
per year
Cost Index by Category
Housing87.7
Food105.4
Transportation106.5
Healthcare104.3
Utilities100.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,148
per month
2 Bedroom
$1,368
per month
The overall cost of living index in Oakland is 99.6, which is 0.4% below the national average. Housing costs are below the national average at an index of 87.7. A single adult needs to earn approximately $43,824 per year to cover basic expenses.