Lakeside, IA vs Wapello, IA
There is a significant gap in the cost of living between these two cities. Wapello is 22.6% cheaper than Lakeside. With a cost index of 64 vs 78, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Wapello to Lakeside should plan for substantially higher expenses across most categories.
On the housing front, median rent in Lakeside is $960/month compared to $707/month in Wapello — a 36% difference. Home values follow the same pattern: Wapello is more affordable at $128,800 median vs $210,900.
Median household income in Lakeside is $95,481 compared to $71,131 in Wapello (+34.2%). While Lakeside is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lakeside spend roughly 12.1% of their income on rent, more than the 11.9% in Wapello.
Climate-wise, Wapello is notably warmer with an average of 51.9°F compared to 46.8°F in Lakeside. Wapello receives more rainfall at 37.9" per year compared to 26.8" in Lakeside.
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Climate
NOAA 30-year normals (1991-2020)