Bayard, IA vs Lake Park, IA

Bayard is moderately more affordable than Lake Park, with a 13.5% lower cost of living index. Bayard scores 65 compared to 75 for Lake Park, where the US average is 100. This difference means residents of Lake Park can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Bayard is $917/month compared to $1,013/month in Lake Park — a 10% difference. Home values follow the same pattern: Bayard is more affordable at $57,700 median vs $153,500.

Median household income in Bayard is $43,750 compared to $73,977 in Lake Park (-40.9%). While Lake Park is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bayard spend roughly 25.2% of their income on rent, more than the 16.4% in Lake Park.