Clear Lake, IA, boasts a lower cost of living compared to the nationwide average, which stands at 100. Specifically, the cost of living index for Clear Lake totals 85. This indicates that living expenses in Clear Lake are about 15% below the national average.
Analyzing individual categories, Clear Lake shows significant savings in housing at 78, while groceries and utilities remain close to the average. This makes Clear Lake an attractive option for those seeking a more affordable lifestyle.
Clear Lake, IA, offers a cost of living that is notably lower than the nationwide average, which is indexed at 100. Specifically, housing costs in Clear Lake stand at 78, which is 22% lower than the national average. This suggests that residents can find more affordable housing options, making it easier to manage living expenses in this area.
In addition to housing, other expenses such as groceries, utilities, transportation, healthcare, and miscellaneous items also have lower indexes in Clear Lake. Groceries cost 90, which is 10% less than the national average. Utilities are at 95, showing a 5% savings. Transportation costs are at 85, which is 15% lower. Healthcare expenses are at 88, representing a 12% reduction, and miscellaneous costs are at 82, which is 18% lower. Overall, these percentages indicate that living in Clear Lake, IA, involves spending less on many essential areas compared to the nationwide average.
