Cost of Living in Otranto, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
76.6
100 = national avg
-23.4 vs national average
Living Wage (1 Adult)
$33,683
per year
Living Wage (Family of 4)
$79,614
per year
Cost Index by Category
Housing72.2
Utilities91.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$774
per month
2 Bedroom
$919
per month
The overall cost of living index in Otranto is 76.6, which is 23.4% below the national average. Housing costs are below the national average at an index of 72.2. A single adult needs to earn approximately $33,683 per year to cover basic expenses.