Spirit 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.
IndexSpirit LakeIowaNational
Cost of living index9290100
IndexSpirit LakeIowaNational
Goods & Services index9896100
Groceries index10398100
Health care index118100100
Housing index7473100
Transportation index99101100
Utilities index9798100
Here we can see a simple outline of the cost of living in Spirit Lake, IA. As you can see, with the average cost of living in Spirit Lake, IA being 92, that puts it 2% higher than the average of Iowa and 8% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Spirit Lake, IA, the price of goods and services are 2% higher than the average of Iowa as well as 2% lower than the nation's average.
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Did you know?

  • The cost of living in Spirit Lake is 2% higher than the Iowa average.
  • The cost of living in Spirit Lake is 8% lower than the national average.
  • The cost of housing in Spirit Lake is 26% 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.

Compare Spirit Lake, IA Cost of living To Other Cities

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
Use the salary calculator to compare your current salary in Spirit Lake, IA to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Spirit Lake, IA, then you would need to earn more income in order to maintain the same standard of living. To use the Spirit Lake, IA salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Spirit Lake, IA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Spirit Lake, IA has a median income of about $68,214 for people who own homes. Based on that number, a person should spend a maximum of $1,592 on expenses related to housing. Renters have a slightly different median income, which is $21,029. Based on this average, renters should spend no more than $491 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Iowa Sales Tax

StateGeneral Sales TaxWith Max Surtax

Iowa Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Spirit Lake, IA and want to know what the true cost of living is, they ought to look at both the Iowa income tax rate and the Iowa sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Iowa, the sales tax is 6%, while the most you'll pay in surtax is 7%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Iowa, the income tax rate ranges between 0.36% to 8.98%.

Goods & Services

ItemSpirit LakeNational avg.Difference
Haircut $22.50$17.4928.6%
Beauty Salon $27.60$38.1727.7%
Toothpaste $2.23$2.323.9%
Shampoo $0.99$1.012.2%
Movie $9.75$10.729.1%
Bowling $10.00$13.8627.9%


ItemSpirit LakeNational avg.Difference
Ground Beef $3.43$3.9012.0%
Fried Chicken $2.73$1.4095.6%
Milk $1.73$1.9611.8%
Potatoes $3.24$3.181.8%
Pizza $11.99$10.3915.4%
Beer $8.99$9.232.6%

Health Care

ItemSpirit LakeNational avg.Difference
Optometrist $111.30$106.344.7%
Doctor $204.33$115.2577.3%
Dentist $101.00$98.382.7%
Ibuprofen $10.69$9.2615.4%
Lipitor $348.93$466.4725.2%


ItemSpirit LakeNational avg.Difference
Home Price $141,800.00$184,700.0023.2%
Avg. Mortgage Payment $745.67$1,273.3241.4%
Apartment Rent $633.00$949.0033.3%


ItemSpirit LakeNational avg.Difference
Gasoline $2.64$2.591.8%
Tire Balancing $47.33$48.903.2%


ItemSpirit LakeNational avg.Difference
All Electricity$161.10$167.603.9%
Phone $179.21$163.429.7%
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.
Terril, IA37981-19%
Superior, IA16884-16%
Estherville, IA6,02785-15%
Jackson, MN3,25888-12%
Fostoria, IA19484-16%
Spirit Lake, IA4,99292-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Frankenmuth, MI4,99295-5%
Osceola, IA4,99282-18%
New Lexington, OH4,99282-18%
Salisbury, MA4,99212525%
Fussels Corner, FL4,99183-17%
Spirit Lake, IA4,99292-8%
Source: The Spirit Lake, IA cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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