Cost of Living in Rake, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
67.9
100 = national avg
-32.1 vs national average
Living Wage (1 Adult)
$29,863
per year
Living Wage (Family of 4)
$70,586
per year
Cost Index by Category
Housing57.9
Food81.4
Transportation62.8
Healthcare85.1
Utilities80.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$731
per month
2 Bedroom
$919
per month
The overall cost of living index in Rake is 67.9, which is 32.1% below the national average. Housing costs are below the national average at an index of 57.9. A single adult needs to earn approximately $29,863 per year to cover basic expenses.