Clear Lake, IA, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Clear Lake is 91, which is 9% lower than the national average of 100. This makes housing, groceries, utilities, transportation, healthcare, and miscellaneous expenses more affordable for residents and job seekers.
Specifically, housing costs in Clear Lake are 15% lower than the national average, while groceries are only 10% lower. Utilities and transportation costs are slightly below the average, at 5% and 8% lower, respectively. Healthcare costs are slightly higher, at 2% above the national average, but miscellaneous expenses are 13% lower. This balance makes Clear Lake an attractive option for those looking to manage living expenses effectively.
Clear Lake, IA, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Clear Lake stands at 90, which is 10% below the national average of 100. This lower index suggests that residents can expect to pay less for a variety of expenses compared to the average American.
Housing in Clear Lake is particularly affordable, with an index of 85. This means that housing costs are 15% lower than the national average. Groceries also tend to be more budget-friendly, with an index of 90, which is 10% below the average. Utilities, at an index of 95, are just 5% above the national average, making them relatively affordable. Transportation costs are slightly higher, with an index of 92, which is 2% above the average. Healthcare costs in Clear Lake are close to the national average, with an index of 98, which is only 2% higher. Miscellaneous expenses also remain competitive, with an index of 87, which is 13% below the average. Overall, Clear Lake provides a cost-effective living environment for those considering relocation.
