Okoboji is a city in Dickinson County, Iowa, United States. The city is a resort community and part of the Iowa Great Lakes region.
The city is located on the shores of East and West Okoboji Lakes, making it a popular destination for tourists and outdoor enthusiasts. The lakes offer excellent swimming, boating, fishing, and hiking opportunities.
The economy of Okoboji is primarily based on tourism, with many businesses catering to visitors who enjoy the town’s lakeside setting. That has helped to make Okoboji one of the most affluent communities in Iowa.
Despite its small size, Okoboji has a variety of shops and restaurants, as well as some cultural and recreational amenities. The city is home to several museums, art galleries, a performing arts center, and various parks and trails.
If you want to consider moving to the city, knowing Okoboji’s cost of living is essential. This article will provide a synopsis of living costs in Okoboji, Iowa.
Cost of Living Index in Okoboji
The Cost of Living Index is a tool that measures the relative cost of living in different cities. The index is calculated by comparing the prices of goods and services with various categories in each city. The average price of goods and services in all categories is set at 100, and other cities are measured against this benchmark.
Okoboji has a Cost of Living Index of 102.2, which means it is 2.2% more expensive to live in Okoboji than the average city in the United States. That is a reasonably low cost of living increase, especially in other resort towns.
One of the most significant factors in the cost of living is healthcare. Okoboji has excellent quality healthcare, with several hospitals serving the city and surrounding area. The average price of healthcare in Okoboji is 122.8, which is 1.3%, slightly higher than the Iowa average.
Housing Costs in Okoboji
Housing costs are one of the most significant expenses for any family. Okoboji’s median home price is $340,200, much higher than the Iowa median home price of $162,000 and the national median home price of $273,992.
However, it’s important to remember that Okoboji is a resort town, which can artificially inflate the median home price. The housing options are in high demand, so prices are higher than in some parts of the state.
One of the biggest draws to the area is the Okoboji condo. The average cost of a condo near the lake is $310,000, and many units go for much more.
For those looking into rentals, the average rent for a two-bedroom apartment is $1102. It is slightly higher than the national average of $1,092. Some condos and cottages offer visitors a chance to stay in the action’s heart and provide easy access to the town’s best features. Typical two-bedroom cottage rentals can cost upwards of $60 per night during peak season.
For budget-minded travelers, there are a few other options for lodging in the area. Several Okoboji hotels and motels offer reasonable rates, and there are also a few campgrounds in the area.
Utility Costs in Okoboji
The Utility Costs in Okoboji are an essential part of living in this beautiful town. Okoboji’s cost of living is higher than in some cities in the US, but the utilities are top-notch and very affordable.
Your actual utility costs will vary depending on your specific situation. The size of your home, the number of people living in your household, and your consumption habits will all play a role in determining your monthly bills.
- Natural gas prices in Okoboji are very reasonable, with an average price of $20.29 per thousand cubic feet.
- The average monthly electric bill in Okoboji is $94.
- Okoboji’s average monthly water bill is $35.00
You can do a few things to help keep your utility costs down. One of the best things you can do is ensure that your home is well-insulated. That will help keep the heat in the winter and the cool air in the summer.
Another great way is to use energy-efficient appliances. A wide variety of energy-efficient washers, dryers, refrigerators, and TVs are available on the market. One of the best routines to reduce utility costs is using less energy. Turn off lights when you leave a room, and unplug electronics when not in use.
Expenses of Recreational Activities
Okoboji, Iowa, is a great place to live if you enjoy the outdoors and being active. There are many different recreational activities to take part in here, and the expenses can vary depending on what you choose to do. Here is a look at some of the recreational activities available in Okoboji and the approximate cost of each.
Swimming
The average cost of swimming in Okoboji can vary depending on the beach you choose. However, most beaches in the area charge a nominal fee for admission. On average, expect to pay around $79-85 per person to swim at a beach near Okoboji.
Golf Course
The town is home to several championship golf courses like Brooks Golf and Okoboji View Golf Course, and visitors can find Okoboji golf packages that offer great discounts on green fees and cart rentals.
Fishing
You can fish from the shoreline of Okoboji’s many lakes or go out on a boat. A fishing license is required if you plan to fish from a boat. A fishing license costs $22 for Iowa residents and $48 for non-residents.
Hiking
There are many hiking trails located throughout Okoboji. Some of the more popular trails include Kenue Park and Dickinson County Trails. The cost to hike these trails is $0, as they are both free to use.
Wrap Up
One of the best things about living in Okoboji is the friendly community. Despite being a small city with just over 1,000 people, Okoboji is home to several businesses, organizations, and amenities.
As real estate experts, We help our clients buy, sell, and invest in properties in the Okoboji area. We have a wealth of knowledge and experience in the local market, and we use this to help our clients make informed decisions about their real estate investments.
If you’re considering buying a property in Okoboji, IA, we would be happy to help you find the perfect home for your needs. Contact us to get started.
Frequently Asked Questions
How’s the Cost of Living in Okoboji?
The cost of living in Okoboji is affordable since it’s just 2.2% higher than the national average. The healthcare, food, and housing costs are lower compared to cities like Cedar Rapids and Coralville.
What Is the Average Cost of a Two-Bedroom Apartment in the Okoboji Area?
It costs an average of $1102 per month to rent a two-bedroom apartment in Okoboji.
What Is the Average Cost of Utilities in the Okoboji Area?
The average price of utilities in the Okoboji area is $104 per month. That includes electricity, gas, water, and sewer. The average cost of electricity alone is $94 per month. Natural gas has an average price of $20.29 per thousand cubic feet (mcf), while water bill comes to an average of $35 per month.
How Much Is the Cost of Okoboji Properties?
The cost of Okoboji properties can vary greatly depending on the size and location of the property. Some properties may be available for as little as $300,000, while others can cost upwards of $5 million.
