Cost of Living in Iowa city, IA

Housing

The housing market plays a significant role in determining the cost of living in Iowa city, IA.

• Housing Index: 110.0 / 100
• Median Home Price is: $305000
• Average Rent (2 BR Apartment): $1350 per month
• Average Rent (2 BR House): $1393 per month

Considering a move to Iowa city, IA? The housing index stands at 110.0, indicating a higher than average cost of living. With a median home price of 305000, potential buyers may find opportunities and challenges alike, especially with the average rent for a 2BR apartment at 1350 and a 2BR house at 1393. It's important to balance these rental prices against income levels and local amenities. Research the job market and lifestyle options, as these can significantly impact your overall satisfaction in your new home.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Iowa city, IA.

• Electricity Price: 14.82 USD (median by state)
• Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $250 per month

Living in Iowa city, IA could entail higher utility costs. Electricity costs sit at 14.82, while natural gas is priced at 15.61 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 105.3

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $54879

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Iowa city, IA, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.