Cost of Living in Lake City, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
89.3
100 = national avg
-10.7 vs national average
Living Wage (1 Adult)
$39,308
per year
Living Wage (Family of 4)
$92,911
per year
Cost Index by Category
Housing73.1
Food99.2
Transportation98.4
Healthcare99.4
Utilities94.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$736
per month
2 Bedroom
$919
per month
The overall cost of living index in Lake City is 89.3, which is 10.7% below the national average. Housing costs are below the national average at an index of 73.1. A single adult needs to earn approximately $39,308 per year to cover basic expenses.