Cost of Living in Lake Panorama, IA

With a cost of living index of 109, Lake Panorama, IA is somewhat more expensive than average. Living here is 9% more expensive than the national average and 38% above the Iowa state average of 71. Lake Panorama is a small community of 844 residents.

The median household income in Lake Panorama is $149,722, which is 99% higher than the national median of $75,149.

Climate is another factor for anyone considering a move to Lake Panorama. The area sees an average annual temperature of 50.9°F, with summers averaging 74°F and winters around 26°F. Annual rainfall totals 36.6 inches spread over roughly 113 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Des Moines-West Des Moines, IA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.