According to the most recent data on the cost of living, Storm Lake has an overall cost of living index of 88 which is 0.9x lower than the national index of 100.
Compared to only Iowa, Storm Lake has a cost of living index that's 1.0x lower than Iowa's index of 90.
The standard of living in Storm Lake ranks as #1,324 most affordable out of the 6,522 places we measured in Iowa. By definition, that implies Storm Lake ranks as the #5,083 most expensive place in the Hawkeye State.
Living Expense | Storm Lake | Iowa | National Average | |
---|---|---|---|---|
Overall | 88 | 90 | 100 | |
Services | 101 | 96 | 100 | |
Groceries | 99 | 98 | 100 | |
Health | 101 | 100 | 100 | |
Housing | 61 | 73 | 100 | |
Transportation | 103 | 101 | 100 | |
Utilities | 90 | 98 | 100 |
Housing swings affordability the most between places in Iowa, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Storm Lake | Iowa | United States |
---|---|---|---|
Median Home Value | $121,300 | $147,800 | $217,500 |
Median Rent | $695 | $789 | $1,062 |
Median Income | $50,565 | $60,523 | $62,843 |
Home Value To Income | 2.4x | 2.4x | 3.5x |
Rent To Monthly Income | 0.16x | 0.16x | 0.2x |
Item | Storm Lake | Iowa |
---|---|---|
Shampoo | $1.19 | $1.01 |
Movie | $8.63 | $10.72 |
Bowling | $17.5 | $13.86 |
Item | Storm Lake | Iowa |
---|---|---|
Ground Beef | $3.78 | $3.9 |
Fried Chicken | $1.62 | $1.4 |
Milk | $2.04 | $1.96 |
Item | Storm Lake | Iowa |
---|---|---|
Haircut | $21.6 | $17.49 |
Beauty Salon | $30.25 | $38.17 |
Toothpaste | $2.52 | $2.32 |
Item | Storm Lake | Iowa |
---|---|---|
Potatoes | $2.7 | $3.18 |
Pizza | $9.76 | $10.39 |
Beer | $8.56 | $9.23 |
Optometrist | $109.5 | $106.34 |
Doctor | $122.0 | $115.25 |
Dentist | $92.75 | $98.38 |
Item | Storm Lake | Iowa |
---|---|---|
Gasoline | $2.59 | $2.59 |
Tire Balancing | $53.96 | $48.9 |
All Electricity | $139.59 | $167.6 |
Phone | $177.99 | $163.42 |
City | Population | Cost Of Living | Vs. Storm Lake |
---|---|---|---|
Spencer, IA | 11,052 | 86 | 1.0x |
Carroll, IA | 9,904 | 91 | 1.0x |
Denison, IA | 8,337 | 82 | 0.9x |
Sheldon, IA | 5,128 | 88 | 1.0x |