Cost of Living in Storm Lake, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.3
100 = national avg
-11.7 vs national average
Living Wage (1 Adult)
$38,845
per year
Living Wage (Family of 4)
$91,816
per year
Cost Index by Category
Housing91.6
Food94.6
Transportation63.8
Healthcare95.7
Utilities95.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$770
per month
2 Bedroom
$1,010
per month
The overall cost of living index in Storm Lake is 88.3, which is 11.7% below the national average. Housing costs are below the national average at an index of 91.6. A single adult needs to earn approximately $38,845 per year to cover basic expenses.