Housing costs in Lake City?
A typical home costs
$109,000, which is 67.8% less expensive than the national average of
$338,100 and 44.1% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Lake City costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 17.7% cheaper than the state average of
$930.
Can I afford Lake City?
To live comfortably in Lake City (zip 51449), Iowa, a minimum annual income of
$20,880 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Lake City?
The cost of living in 51449 Lake City, IA is quite affordable for the most part. The overall cost of living index is 84.2, which is lower than the U.S. national average of 100. Housing costs are particularly low, with a median home value of just $71,500 and rents averaging around $521 per month. Utility costs are also relatively low, with electricity costing an average of just 8 cents per kilowatt-hour and natural gas being around $10 per thousand cubic feet. Overall, Lake City offers an inexpensive option for those looking for a peaceful life in rural Iowa.