Overall 8%
Goods & Services 2%
Housing 26%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexSpirit LakeIowaNational
Cost of living9290100
Goods & Services9896100
Health care118100100

Key findings

  • 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
  • Spirit Lake housing is 26% lower than the national average
  • Iowa general sales tax is 18% higher than the national average
  • Iowa state income tax is 87% lower than the national average

Most Affordable Places to Live in and Around Spirit Lake

See all the best places to live around Spirit Lake

Compare Spirit Lake, IA Cost of Living

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

      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

      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 in Spirit Lake is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Spirit Lake has a median income of about $68,214 for people who own homes. Based on that number, a maximum of $1,592 should be spent 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 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)

      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.