Cost of Living in St. Olaf, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
99.2
100 = national avg
-0.8 vs national average
Living Wage (1 Adult)
$43,628
per year
Living Wage (Family of 4)
$103,121
per year
Cost Index by Category
Housing68.3
Food117.8
Transportation102.4
Healthcare114.3
Utilities104.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$700
per month
2 Bedroom
$919
per month
The overall cost of living index in St. Olaf is 99.2, which is 0.8% below the national average. Housing costs are below the national average at an index of 68.3. A single adult needs to earn approximately $43,628 per year to cover basic expenses.