Cost of Living in Lincoln, IA
Population: 88 | Iowa
Lincoln is 20% less expensive than the national average.
Cost of Living in Lincoln, IA: What You Need to Know
With a cost of living index of 80, Lincoln, IA is a very affordable place to live. Living here is 20% cheaper than the national average and 9% above the Iowa state average of 71. Lincoln is a small community of 88 residents.
The median household income in Lincoln is $56,875, which is 24% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Lincoln. The area sees an average annual temperature of 47.7°F, with summers averaging 71°F and winters around 22°F. Annual rainfall totals 32.8 inches spread over roughly 110 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
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.
Income
- Median Household Income
- $56,875
- vs US Median ($75,149)
- -24%
Housing
- Median Home Value
- $102,900
- Median Monthly Housing Cost
- $767/mo
Climate in Lincoln
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 28 | 32 | 46 | 60 | 71 | 81 | 83 | 81 | 75 | 62 | 46 | 33 |
| Avg °F | 19 | 23 | 36 | 48 | 60 | 70 | 73 | 70 | 63 | 50 | 36 | 24 |
| Low °F | 10 | 14 | 26 | 37 | 49 | 59 | 62 | 60 | 51 | 39 | 26 | 16 |
| Rain" | 0.8 | 0.5 | 1.6 | 3.7 | 4.9 | 5.3 | 3.7 | 3.9 | 3.2 | 2.5 | 1.7 | 1.0 |