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Cost & Benefits

Cost of living in Lake City, Iowa

Lake City, Iowa has about 1,693 people. Typical rent is $763 a month, including utilities, and a typical household earns $74,167 a year. Both figures are Census 2020–2024 medians, not a listing or your pay. This site does not approve or deny benefits. A missing figure stays blank. We do not guess it.

Simple answer

Typical rent is $763 a month.

Lake City is a city in Iowa. That rent number includes utilities. A typical household earns $74,167 a year.

Is Lake City affordable?See benefits in Lake City
People
1,693
Census average, 2020–2024
Typical rent
$763
Median gross rent, includes utilities
Typical pay
$74,167
Median household income, yearly
Typical home
$100,900
Median home value
2-bedroom fair rent
$927
Calhoun County, IA

Lake City, Iowa has about 1,693 people. That count is a 2020–2024 Census average, not a headcount from one day.

A typical home is worth about $100,900.

HUD's fair-market rent for a 2-bedroom in Calhoun County is $927 a month. That is the county number, not an apartment listing in Lake City. It runs from October 2026 through September 2027.

Iowa's prices sit at 87.8 when the U.S. average is 100. This place is not in a metro area with its own index, so this is the state number from BEA for 2024.

Iowa taxes wages. A typical combined sales tax is 6.9% as of January 1, 2026. That mix is statewide, not Lake City's exact store tax.

Some places in Iowa add a local wage tax. In 2023 the state average was about 0.08% of income. That is not a Lake City bill.

In July 2026, a typical Iowa home paid 15.99¢ per kilowatt-hour. That is a state average from EIA, not Lake City's bill.

EIA did not publish a 2025 all-grades gas price for Iowa in the table we use.

Among 264 places we list in Iowa with a rent figure, 200 have higher typical rent than Lake City.

Nearby places

EBT nearby

USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.

Find SNAP stores near Lake CityWhat EBT can buy in Iowa

Locator page updated 2026-09-11. Last checked 2026-10-16.

Food stamps (SNAP) tools in Iowa

Bigger places in Iowa

Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.