Housing costs in Storm Lake?
A typical home costs
$175,700, which is 48.0% less expensive than the national average of
$338,100 and 9.9% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Storm Lake costs
$830 per month, which is 10.8% cheaper than the national average of
$930 and 2.4% more than the state average of
$810.
Can I afford Storm Lake?
To live comfortably in Storm Lake (zip 50588), Iowa, a minimum annual income of
$33,840 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Storm Lake?
The cost of living in 50588 Storm Lake, IA is quite reasonable. According to the Council for Community and Economic Research, the overall cost of living index for this area is 95.8, which is 5.2 points lower than the national average. Housing costs are particularly low with median home prices at $114,400 and a median rent of $675 per month. Even when factoring in the other expenses of food, transportation, healthcare and utilities, 50588 Storm Lake still remains one of the more affordable areas in Iowa.