Cost of Living in Promise City, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
57.4
100 = national avg
-42.6 vs national average
Living Wage (1 Adult)
$25,264
per year
Living Wage (Family of 4)
$59,715
per year
Cost Index by Category
Housing29.1
Food81.6
Transportation63.3
Healthcare85.3
Utilities74.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$734
per month
2 Bedroom
$919
per month
The overall cost of living index in Promise City is 57.4, which is 42.6% below the national average. Housing costs are below the national average at an index of 29.1. A single adult needs to earn approximately $25,264 per year to cover basic expenses.