Cost of Living in Spillville, IA

With a cost of living index of 73, Spillville, IA is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and in line with the Iowa state average. Spillville is a small community of 409 residents.

Housing costs are the biggest factor in Spillville's cost of living. The median monthly rent is $929 (30% below the US median of $1,319), and the median home value sits at $156,600 (49% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Spillville is $42,750, which is 43% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Spillville. The area sees an average annual temperature of 49°F, with summers averaging 73°F and winters around 23°F. Annual rainfall totals 36.3 inches spread over roughly 114 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.