Cost of Living in Lake Park, IA

Get 300+ Local Insights for Any Address in Lake Park, IA

Get Access to 300+ Local Data Points
A+
11%
Overall NAT. AVG.
2%
Groceries NAT. AVG.
29%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Lake Park Iowa National
Cost of living8989100
Groceries9897100
Health care9596100
Housing7174100
Transportation9397100
Utilities10495100
Lifestyle & Entertainment9395100
Household Items9597100
Education & Childcare9894100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Lake Park, IA

property for sale

19 Avenue A E

Lake Park, IA
property for sale

416 Beachcomber Dr #3

Lake Park, IA
property for sale

305 Avenue D E

Lake Park, IA
property for sale

1205 Lakeside Ave

Lake Park, IA

Cost Of Living Quick Facts

  • The cost of living in Lake Park is equal to the Iowa average
  • The cost of living in Lake Park is 11% lower than the national average
  • Lake Park housing is 29% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 69% higher than the national average

Most Affordable Places to Live in and Around Lake Park

See all the best places to live around Lake Park

Compare Lake Park, IA Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Lake Park?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Lake Park?
      Write a review to give others more information about this area.
      See all Lake Park poll results

      The best places in Iowa

      Here are the best places to live in IowaThese are the 10 cheapest cities in IowaSee the best places to live in Lake ParkCheck out the 10 safest cities in Iowa
      Best Places in Iowa

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$100,646$8,387$2,348$3,020
      Renters$0$0$0$0

      Iowa Sales Tax

      State General Sales Tax With Max Surtax
      Iowa 6% 7%

      Iowa Income Tax

      State Income Tax (Low) Income Tax (High)
      Iowa 4.4% 6%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Melvin, IA2447822.0%
      Round Lake, MN4348119.0%
      Ocheyedan, IA5818218.1%
      Harris, IA1968217.5%
      Fostoria, IA1868712.9%
      Lake Park, IA1,2358911.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      West Blocton, AL1,2358415.6%
      Moenkopi, AZ1,2351022.4%
      Chebanse, IL1,235936.6%
      Gold Hill, OR1,23511212.3%
      South Point, TX1,235909.6%
      Lake Park, IA1,2358911.1%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026