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: $305,000
- 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 Iowa city is a financially viable option for your relocation.