Cost of Living in Watkins, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
60.9
100 = national avg
-39.1 vs national average
Living Wage (1 Adult)
$26,797
per year
Living Wage (Family of 4)
$63,338
per year
Cost Index by Category
Housing31.5
Transportation117.1
Utilities79.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$729
per month
2 Bedroom
$956
per month
The overall cost of living index in Watkins is 60.9, which is 39.1% below the national average. Housing costs are below the national average at an index of 31.5. A single adult needs to earn approximately $26,797 per year to cover basic expenses.