Storm Lake, IA Cost Of Living
Cost Of Living In Storm Lake, IA Summary
Cost of living in Storm Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Storm Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Iowa, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Storm Lake is 93, with 100 being the average.
The cost of living index in Storm Lake is 0.9x lower than the national average.
Storm Lake ranks as the #54 cheapest in Iowa out of 85.
Storm Lake ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Storm Lake is $175,613.
The median income in Storm Lake is $58,341.
Table Of Contents
Storm Lake's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Storm Lake, IA?
According to the most recent data on the cost of living, Storm Lake has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Iowa, Storm Lake has a cost of living index that's 1.0x higher than Iowa's index of 90.
The standard of living in Storm Lake ranks as #54 most affordable out of the 85 places we measured in Iowa. By definition, that implies Storm Lake ranks as the #31 most expensive place in the Hawkeye State.
For more reading on life in Storm Lake, check out:
In Iowa
In America
Storm Lake Cost Of Living Vs. Iowa
Six factors go into calculating the cost of living index in Storm Lake. Here is how it fairs on each of the criteria:
The Services index in Storm Lake is 102.
The Groceries index in Storm Lake is 96.
The Health index in Storm Lake is 111.
The Housing index in Storm Lake is 75.
The Transportation index in Storm Lake is 95.
The Utilities index in Storm Lake is 98.
| Living Expense | Storm Lake | Iowa | National Average | |
|---|---|---|---|---|
| Overall | 93 | 90 | 100 | |
| Services | 102 | 96 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 111 | 99 | 100 | |
| Housing | 75 | 75 | 100 | |
| Transportation | 95 | 99 | 100 | |
| Utilities | 98 | 94 | 100 | |
Storm Lake, IA Housing Cost Breakdown
Housing swings affordability the most between places in Iowa, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Storm Lake is $175,613.
The Median Rent in Storm Lake is $830.
The Median Income in Storm Lake is $58,341.
The Home Value To Income in Storm Lake is 3.0x.
The Rent To Monthly Income in Storm Lake is 0.17x.
| Statistic | Storm Lake | Iowa | United States |
|---|---|---|---|
| Median Home Value | $175,613 | $230,258 | $303,400 |
| Median Rent | $830 | $949 | $1,348 |
| Median Income | $58,341 | $73,147 | $78,538 |
| Home Value To Income | 3.0x | 3.1x | 3.9x |
| Rent To Monthly Income | 0.17x | 0.16x | 0.21x |
Median Home Value
Median Rent
Median Income
Storm Lake, IA Costs By Category
Detailed Storm Lake Services Costs Vs. Iowa
| Item | Storm Lake | Iowa |
|---|---|---|
| Shampoo | $1.42 | $1.28 |
| Movie | $8.29 | $12.13 |
| Bowling | $20.0 | $18 |
| Haircut | $24.39 | $24.26 |
| Beauty Salon | $40.5 | $45.56 |
Detailed Storm Lake Groceries Costs Vs. Iowa
| Item | Storm Lake | Iowa |
|---|---|---|
| Ground Beef | $6.53 | $5.84 |
| Fried Chicken | $1.36 | $1.57 |
| Milk | $4.72 | $4.67 |
| Potatoes | $5.02 | $4.93 |
| Pizza | $12.12 | $12.09 |
| Beer | $9.65 | $10.41 |
| Toothpaste | $3.81 | $3.7 |
Detailed Storm Lake Health Costs Vs. Iowa
| Item | Storm Lake | Iowa |
|---|---|---|
| Optometrist | $159.11 | $125.68 |
| Doctor | $176.92 | $135.78 |
| Dentist | $107.0 | $113.29 |
Detailed Storm Lake Transportation Costs Vs. Iowa
| Item | Storm Lake | Iowa |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $57.22 | $59.92 |
Detailed Storm Lake Utilities Costs Vs. Iowa
| Item | Storm Lake | Iowa |
|---|---|---|
| All Electricity | $182.6 | $193.99 |
| Phone | $187.02 | $192.25 |
Storm Lake SnackAbility
/10
Cost Of Living In Cities Around Storm Lake
The cost of living varies in the cities and towns around Storm Lake. Here's a quick look at the cost of living in the most populous nearby places:
Spencer, IA has a cost of living index of 88, 0.9x Storm Lake.
Carroll, IA has a cost of living index of 93, 1.0x Storm Lake.
Denison, IA has a cost of living index of 86, 0.9x Storm Lake.
| City | Population | Cost Of Living | Vs. Storm Lake |
|---|---|---|---|
| Spencer, IA | 11,393 | 88 | 0.9x |
| Carroll, IA | 10,261 | 93 | 1.0x |
| Denison, IA | 8,247 | 86 | 0.9x |
| Sheldon, IA | 5,386 | 85 | 0.9x |
| Cherokee, IA | 5,157 | 79 | 0.8x |
