Clear Lake 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.
IndexClear LakeIowaNational
Cost of living index8789100
IndexClear LakeIowaNational
Goods & Services index9595100
Groceries index9194100
Health care index9097100
Housing index7173100
Transportation index9599100
Utilities index9795100
A general overview of the cost of living index for Clear Lake, IA is displayed above. In Clear Lake, IA, the overall cost of living index is 87, which is 1% lower than the Iowa average and 13% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Clear Lake, IA, the city's goods and services are equal to the Iowa average and 5% lower than the U.S. average.

Did you know?

  • The cost of living in Clear Lake is 1% lower than the Iowa average.
  • The cost of living in Clear Lake is 13% lower than the national average.
  • The cost of housing in Clear Lake is 29% 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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Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Clear Lake, IA to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Clear Lake, IA, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Clear Lake, IA salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Clear Lake, IA, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Clear Lake, IA homeowners have a median income of $62,513. Using that number, you will come up with a maximum of $1,459 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $28,382, which means there is a maximum of $662 to be spent on the costs of renting a home or apartment.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Clear Lake, IA is the Iowa sales tax and Iowa income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Iowa sales tax rate is 6% and the maximum surtax that can be charged is 7%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Iowa income tax rates range from 0.36% to 8.98%.

Goods & Services

ItemClear LakeNational avg.Difference
Haircut $18.84$16.0917.1%
Beauty Salon $25.10$37.3332.8%
Toothpaste $1.90$2.4522.3%
Shampoo $0.89$1.0010.9%
Movie $8.98$10.2812.7%
Bowling $3.15$4.9336.2%


ItemClear LakeNational avg.Difference
Ground Beef $3.20$3.8015.8%
Fried Chicken $1.22$1.4012.6%
Milk $1.58$2.0121.5%
Potatoes $2.34$3.0122.2%
Pizza $9.63$9.892.6%
Beer $8.75$8.901.6%

Health Care

ItemClear LakeNational avg.Difference
Optometrist $107.39$102.165.1%
Doctor $82.02$108.3624.3%
Dentist $88.51$92.534.3%
Ibuprofen $7.56$9.2818.5%
Lipitor $420.23$425.821.3%


ItemClear LakeNational avg.Difference
Home Price $135,800.00$184,700.0026.5%
Avg. Mortgage Payment $1,021.36$1,202.4415.1%
Apartment Rent $619.00$949.0034.8%


ItemClear LakeNational avg.Difference
Gasoline $2.44$2.248.6%
Tire Balancing $31.27$46.2932.4%


ItemClear LakeNational avg.Difference
All Electricity$175.89$165.966.0%
Phone $25.27$28.6811.9%
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.
Portland, IA2794-6%
Miller, IA094-6%
Burchinal, IA5394-6%
Goodell, IA12876-24%
Klemme, IA57277-23%
Clear Lake, IA7,64487-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gettysburg, PA7,6431044%
Summit, WA7,64611717%
Ivins, UT7,6461055%
Laughlin, NV7,64188-12%
Burton, SC7,64897-3%
Clear Lake, IA7,64487-13%
Source: The Clear Lake, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.