Cost of Living in Spirit Lake, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
107.1
100 = national avg
+7.1 vs national average
Living Wage (1 Adult)
$47,136
per year
Living Wage (Family of 4)
$111,412
per year
Cost Index by Category
Housing104.2
Food106.3
Transportation112.6
Healthcare105.0
Utilities104.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$831
per month
2 Bedroom
$1,091
per month
The overall cost of living index in Spirit Lake is 107.1, which is 7.1% above the national average. Housing costs are above the national average at an index of 104.2. A single adult needs to earn approximately $47,136 per year to cover basic expenses.