Cost of Living in Wellman, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.3
100 = national avg
-11.7 vs national average
Living Wage (1 Adult)
$38,869
per year
Living Wage (Family of 4)
$91,871
per year
Cost Index by Category
Housing84.5
Food93.3
Transportation86.7
Healthcare94.7
Utilities92.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$733
per month
2 Bedroom
$962
per month
The overall cost of living index in Wellman is 88.3, which is 11.7% below the national average. Housing costs are below the national average at an index of 84.5. A single adult needs to earn approximately $38,869 per year to cover basic expenses.