Cost of Living in Palo, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
138.5
100 = national avg
+38.5 vs national average
Living Wage (1 Adult)
$60,919
per year
Living Wage (Family of 4)
$143,991
per year
Cost Index by Category
Housing133.6
Food129.2
Transportation158.4
Healthcare123.4
Utilities124.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$816
per month
2 Bedroom
$1,071
per month
The overall cost of living index in Palo is 138.5, which is 38.5% above the national average. Housing costs are above the national average at an index of 133.6. A single adult needs to earn approximately $60,919 per year to cover basic expenses.