Storm Lake Metro Area, IA Cost of Living


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United States / Iowa / Storm Lake Metro Area / Counties / Cities / Zip Codes
How much do I need to live in Storm Lake, Iowa?
$2,580 / month
for a family, 52.2% less expensive than the national average A total of $30,960 for the year for a family.
$2,100 / month
for a single person, 55.9% less expensive than the national average A total of $25,200 for the year for a single person.

Storm Lake cost of living score
74.7
Less expensive
25.3% lower
than the US average
6.7% lower
than the Iowa average
Storm Lake I Metro Area, Iowa gets a BestPlaces Cost of Living score of 74.7, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 25.3% lower than the U.S. average and 6.7% higher than the average for Iowa.

Storm Lake Metro Area, IA

Housing costs in Storm Lake?
A typical home costs $161,600, which is 52.2% less expensive than the national average of $338,100 and 17.1% less expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Storm Lake 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 Storm Lake?
To live comfortably in Storm Lake I Metro Area, Iowa, a minimum annual income of $30,960 for a family, and $25,200 for a single person is recommended.

What does A.I. say about Storm Lake?
The cost of living in the Storm Lake, IA Metro Area is significantly lower than the US average. At 74.7 compared to the US average of 100, it is a bargain for those looking to buy or rent. Similarly, the median house value in Storm Lake is $161600, which is considerably lower than the US average of $338100. This makes Storm Lake a great option for those looking to get more value from their housing dollars.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesStorm LakeIowaUnited States
    Unlock80.1100.0
  93.2  Unlock100.0
    Unlock108.2100.0
  44.7  Unlock100.0
    Unlock$194,900$338,100
  99.5  Unlock100.0
    Unlock71.4100.0
  91.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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