Cost of Living in Randolph, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
82.3
100 = national avg
-17.7 vs national average
Living Wage (1 Adult)
$36,229
per year
Living Wage (Family of 4)
$85,632
per year
Cost Index by Category
Housing90.4
Food84.1
Transportation68.3
Healthcare87.3
Utilities88.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$708
per month
2 Bedroom
$919
per month
The overall cost of living index in Randolph is 82.3, which is 17.7% below the national average. Housing costs are below the national average at an index of 90.4. A single adult needs to earn approximately $36,229 per year to cover basic expenses.