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.
What is the average cost of a house in Iowa?
Housing is a bit more expensive in Iowa, however, with the median home value at just under $130,000. If you buy a home at the median list price, you’re going to pay around $140,000, which generally results in a mortgage payment of no more than $900 per month.
How much does it cost to live in Iowa?
Our cost of living indices are based on a US average of 100. An amount below 100 means Iowa is cheaper than the US average.
Iowa cost of living is 83.7.
| COST OF LIVING | Iowa | United States |
|---|---|---|
| Health | 121.5 | 100 |
| Housing | 61.1 | 100 |
| Median Home Cost | $161,700 | $291,700 |
| Utilities | 98.5 | 100 |
Is housing expensive 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 rent expensive 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.
Is cost of living low in Iowa?
The cost of living in Iowa is 9% lower than the national average. Housing is 23% lower than the national average, while utilities are 5% lower. When it comes to basic necessities such as food and clothing, groceries are around 5% lower than in the rest of the country, while clothing costs 5% lower.
What state has low 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 is a good salary in Iowa?
While ZipRecruiter is seeing salaries as high as $139,606 and as low as $19,162, the majority of salaries within the Average jobs category currently range between $45,166 (25th percentile) to $68,434 (75th percentile) with top earners (90th percentile) making $91,246 annually in Iowa.
What is middle class income in Iowa?
Here’s how Iowa fared: Median household income of middle class families: $75,953. Median household income change of middle class: -3.8% In-state tuition and fees: $8,270.
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.
Where is it cheapest to live in Iowa?
In housing affordability, Iowa ranked first.
- Newton. Median listing home price: $139,000.
- Davenport. Median listing home price: $149,900.
- Cedar Rapids.
- Dubuque.
- Des Moines.
- Cedar Falls.
- Coralville.
- Indianola.
Is it cheaper to live in Texas or Iowa?
Iowa is 1.0% more expensive than Texas.
How much does it cost a month to live in Iowa?
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 Iowa a good place to live?
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. Whether you’re a millennial, a young family, retiree, or even a student, you’ll find a place to call home in Iowa.
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 is the living wage in Iowa 2022?
An Iowa worker must earn well over the minimum wage, and in some cases well above the state’s median wage of $19.19 per hour, to sustain a basic-needs budget: A single parent with one child has to earn an hourly wage of $21.16. Two working parents with two children each need to earn $16.11 or more.
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 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.
Where is the cheapest but nicest place to live in the US?
Coming in at the top of the C2ER list was Cedar Park, Texas, which was named the most affordable place to live in America. Set outside Austin, Cedar Park made it to the top of the list, due to its low cost of living index (7.2% below the national average) and high income levels (17.8% above the national median).
Where is the cheapest warm place to live?
The 10 Sunniest, and Most Affordable, Cities for Retirees
- Ely, Nevada. 73% chance of sunshine / 47.00% less expensive than national median new home price.
- Amarillo, Texas. 73% chance of sunshine / -34.73% less than national median new home price.
- Lubbock, Texas.
- El Paso, Texas.
- Yuma, Ariz.
- Phoenix, Ariz.
- Tucson, Ariz.