Cost of Living in Arnolds Park, IA

With a cost of living index of 86, Arnolds Park, IA is a very affordable place to live. Living here is 14% cheaper than the national average and 15% above the Iowa state average of 71. Arnolds Park is a small community of 911 residents.

Housing costs are the biggest factor in Arnolds Park's cost of living. The median monthly rent is $671 (49% below the US median of $1,319), and the median home value sits at $407,600 (34% above the national median of $304,900). At current prices, the median home costs roughly 4.8x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Arnolds Park is $84,659, which is 13% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.