expensive for a small town
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5/26/2015
ridiculously expensive housing for such a small town. The wages in the town do not even remotely compensate for the high cost of housing. Average housing prices start at 170k. The average wage though is 10-15 an hour for most places. Rentals are rare and overpriced thanks to the college. Property taxes are also exorbitant for such a small town with so little to offer.
For example, the average per capita income in decorah is 21920, but the average house cost is 150328. I don't know anyone with a 21k income that can afford a 150k house. The average house cost i the state of iowa is 126k. Decorah is way overpriced for no reason.
While the area is pretty and the town has a certain charm to it, especially compared to other towns in iowa, the lack of anything to do coupled with low average wages and high housing costs make it a less than ideal place to live.
scott | Decorah, IA