Cost of Living in Prescott, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
90.7
100 = national avg
-9.3 vs national average
Living Wage (1 Adult)
$39,922
per year
Living Wage (Family of 4)
$94,360
per year
Cost Index by Category
Housing72.5
Food101.0
Transportation102.0
Healthcare100.8
Utilities95.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$711
per month
2 Bedroom
$933
per month
The overall cost of living index in Prescott is 90.7, which is 9.3% below the national average. Housing costs are below the national average at an index of 72.5. A single adult needs to earn approximately $39,922 per year to cover basic expenses.