Iowa Housing Costs The typical renter in Iowa spends $766 a month on housing, $257 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $596, while the typical rent for a unit with five or more bedrooms is $900.
Is it expensive to live in Iowa?
In comparison to other states in the U.S., Iowa is considered one of the most reasonably priced places to reside. In fact, a recent article published by USA Today ranked Iowa the ninth cheapest state to live in.
Is Iowa an affordable place to live?
Iowa is a great place to live if you want to get the most for your money. In fact, U.S. News & World_Report rated Iowa fourth overall among U.S. states for affordability, taking into account the costs of daily living, housing prices, and family incomes. In housing affordability, Iowa ranked first.
Is Iowa the cheapest state to live?
Iowa is the eighth-cheapest state to live in the United States. Costs in Iowa are lower than the national average across all metrics. Iowa’s housing is especially cheap, with an index of 76, the sixth-lowest in the nation.
How much does it cost to live in an apartment in Iowa?
An apartment in Iowa ranges from about $900 for a one-bedroom apartment to $1,295 for a four-bedroom apartment. The average rent across the state is about $960 per month. Remember, when renting an apartment, be sure to factor in other costs such as utilities, HOAs, and renter’s insurance.
Is Iowa a good state to move to?
If you’d like to live in a state with an abundance of fresh local produce, and where small towns meet city life, moving to Iowa is right for you. Iowa’s natural scenic views, friendly people, low crime rates, affordable homes, and small-town atmosphere make it one of the most coveted places in the United States.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What should I know before moving to Iowa?
30 Things You Need To Know About Iowa Before You Move There
- Iowans Have Unlocked The Secret To Great Food—Fry Everything.
- There’s No Better Place To Get Your Fried Grub On Than The Iowa State Fair.
- The Only Thing Better Than Fried Food Is Iowa’s Fresh Fruit At The Farmers Market.
How much does it cost to live in Iowa a month?
Monthly rent for a one-bedroom in the state is $596, while the typical rent for a unit with five or more bedrooms is $900. Across the state, 28.9% of occupied homes are rented, less than the 36.2% national average and the fourth lowest renter rate of any state.
Is it cheaper to live in Iowa or Minnesota?
The cost of living in Minneapolis, MN is 27.3% higher than in Iowa City, IA.
What state has the highest rent?
These are the states with the highest one-bedroom rent estimates, according to Apartment List:
- California ($1,648)
- New Jersey ($1,516)
- Florida ($1,426)
- Massachusetts ($1,423)
- Virginia ($1,412)
- Maryland ($1,406)
- Colorado ($1,384)
- Washington ($1,360)
What is the best state to live in financially?
Alaska is the top state for fiscal stability. It’s followed by South Dakota, Tennessee, Idaho and Utah to round out the top five. Half of the 10 states with the best fiscal stability also rank among the top 10 Best States overall.
How much does a house in Iowa cost?
$190,902. The typical home value of homes in Iowa is $190,902. This value is seasonally adjusted and only includes the middle price tier of homes. Iowa home values have gone up 11.5% over the past year.
Is it cheaper to live in Texas or Iowa?
Iowa is 1.0% more expensive than Texas.
What is the average electric bill in Iowa?
Electricity bills in Iowa
In Iowa, the average monthly electricity bill for residential consumers is $145/month, which is calculated by multiplying the average monthly consumption by the average rate for electricity: 1,102 kWh * 13 ¢/kWh.
Where does Iowa rank in Cost of Living?
Affordability Rankings
| Rank | State | Cost of Living |
|---|---|---|
| 1 | Ohio Ohio | 6 |
| 2 | Oklahoma Oklahoma | 8 |
| 3 | Michigan Michigan | 4 |
| 4 | Iowa Iowa | 17 |
What are the dangers of living in Iowa?
Here Are The 9 Biggest Risks Of Living In Iowa
- Suicidal deer will target your car.
- Ticks will feed off of your lifeblood.
- 3..
- Iowa’s fifth season: Roadwork Season.
- For those who live in rural Iowa, there’s a whole different kind of traffic jam: A tractor jam.
What are the cons of living in Iowa?
List of the Cons of Living in Iowa
- You have zero access to professional sports in Iowa.
- If you’re a beach or mountain person, you’ll find yourself disappointed.
- Winters get really cold in Iowa some years.
- Not every place in Iowa has a low crime rate or a thriving economy.
Does Iowa have high taxes?
Iowa has a 6.00 percent state sales tax rate, a max local sales tax rate of 1.00 percent, and an average combined state and local sales tax rate of 6.94 percent. Iowa’s tax system ranks 38th overall on our 2022 State Business Tax Climate Index.
Which state has the cheapest food?
The most notable exception is New Hampshire, which, despite being an East Coast state, actually has the lowest food costs in the nation.
Where is the cheapest rent in the United States?
Cheapest State for Rent in the US
The least expensive state for rent is West Virginia with an average rent price of $800.