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 are Iowa houses?
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 Iowa expensive to live in?
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.
What’s the average cost of living 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.
Is housing cheap in Iowa?
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.
Is it cheaper to live in Texas or Iowa?
Iowa is 1.0% more expensive than Texas.
How much do you need to live comfortably in Iowa?
The researchers at MIT say the Living Wage Calculator pegs the needed salary at $48,882 for Iowans. The site reports the median Iowa family income is $56,247.
What is the best place to live in Iowa?
Iowa City is Iowa’s highest-ranked city at No. 58, followed by Ames at No. 64 and Des Moines at No. 93.
These three Iowa cities rank among the country’s 100 best places to live, study says
- Economics.
- Housing.
- Amenities.
- Infrastructure.
- Demographics.
- Social and civic capital.
- Education.
- Health care.
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 is the safest town in Iowa?
Safest Cities in Iowa, 2019
| Rank | City | Safety Index |
|---|---|---|
| 1 | Spencer | 0.45 |
| 2 | Norwalk | 0.43 |
| 3 | Pella | 0.38 |
| 4 | Clive | 0.32 |
What is the living wage in Iowa 2022?
State Minimum Wage Rate for Iowa was 7.25000 $ per Hour in January of 2022, according to the United States Federal Reserve.
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.
What is the cheapest county in Iowa to live in?
Pocahontas County
Pocahontas County
#1 Counties with the Lowest Cost of Living in Iowa.
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.
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.
Where can I live for $500 a month in USA?
Without further ado – and in no particular order – here’s what $500 per month can get you in ten affordable U.S. cities:
- Greenville, OH. Listing: Wayne Crossing.
- Wichita, KS. Listing: Eagle Creek.
- Lawton, OK. Listing: Sheridan Square Apartments.
- Amarillo, TX.
- Indianapolis, IN.
- Searcy, AR.
- Shreveport, LA.
- Jackson, MS.
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.
What is the best small town in Iowa?
And every small town in Iowa offers a unique slice of character and history.
12 Best Small Towns in Iowa
- Pella. Tulips and a Dutch windmill, two trademarks of Pella.
- Decorah.
- Winterset.
- Spirit Lake.
- Le Claire.
- Amana Colonies.
- Waverly.
- Bentonsport.
What city has the lowest cost of living?
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.
Where is the most affordable place to live in the US?
The Full List Of The Most Affordable Cities To Live & Work In 2022
| Rank | City | Total Score |
|---|---|---|
| 1 | Sioux Falls, SD Metro Area | 80.1 |
| 2 | Reno, NV Metro Area | 79.7 |
| 3 | Provo-Orem, UT Metro Area | 78.0 |
| 4 | Madison, WI Metro Area | 77.5 |