Lake City cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexLake CityIowaNational
Cost of living index7688100
IndexLake CityIowaNational
Goods & Services index8693100
Groceries index9195100
Health care index9796100
Housing index4673100
Transportation index9797100
Utilities index8599100

Did you know?

  • The cost of living in Lake City is 14% lower than the Iowa average.
  • The cost of living in Lake City is 24% lower than the national average.
  • The cost of housing in Lake City is 54% lower than the national average.
  • Iowa general sales tax is 18% higher than the national average.
  • Iowa state income tax is 84% lower than the national average.

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$45,682$3,807$1,066$1,371
Renters$18,347$1,529$428$550

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax
Iowa6%7%

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
Iowa0.36%8.98%

Goods & Services

ItemLake CityNational avg.Difference
Haircut $17.00$14.5916.5%
Beauty Salon $32.00$34.687.7%
Toothpaste $1.98$2.4719.9%
Shampoo $0.88$1.0213.9%
Movie $8.75$9.8711.3%
Bowling $4.99$4.3913.6%

Groceries

ItemLake CityNational avg.Difference
Ground Beef $4.11$4.488.2%
Fried Chicken $1.61$1.4610.0%
Milk $2.21$2.366.2%
Potatoes $2.61$3.0614.7%
Pizza $7.99$9.2413.6%
Beer $8.09$8.636.3%

Health Care

ItemLake CityNational avg.Difference
Optometrist $85.00$99.7814.8%
Doctor $110.00$105.034.7%
Dentist $79.00$88.7010.9%
Ibuprofen $9.32$9.411.0%
Lipitor $300.03$298.500.5%

Housing

ItemLake CityNational avg.Difference
Home Price $75,400.00$175,700.0057.1%
Avg. Mortgage Payment $1,077.99$1,081.030.3%
Apartment Rent $487.00$920.0047.1%

Transportation

ItemLake CityNational avg.Difference
Gasoline $1.93$2.097.7%
Tire Balancing $50.00$45.2910.4%

Utilities

ItemLake CityNational avg.Difference
All Electricity$152.96$170.8010.4%
Phone $22.40$28.2620.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Yetter, IA2166-34%
Rinard, IA6067-33%
Jolley, IA3870-30%
Lytton, IA31971-29%
Lanesboro, IA11171-29%
Lake City, IA1,75476-24%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ocean Ridge, FL1,75416464%
Ben Avon, PA1,7551055%
Marks, MS1,75578-22%
Culver, OR1,7551022%
Calhoun City, MS1,75576-24%
Lake City, IA1,75476-24%
Source: The Lake City, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.