Housing costs in Lake City?
A typical home costs
$108,500, which is 67.9% less expensive than the national average of
$338,100 and 44.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Lake City costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$930.
Can I afford Lake City?
To live comfortably in Lake City, Iowa, a minimum annual income of
$20,880 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Lake City?
The cost of living in Lake City, IA is generally considered to be quite affordable. This is due in part to the relatively low housing costs and a lack of sales tax. The median home value is approximately $99,000, making it a great option for those looking for an affordable place to live. Additionally, groceries and other essentials are significantly cheaper than the average in Iowa. With all of these factors combined, Lake City is an excellent destination for anyone looking for a budget-friendly place to call home.