Housing costs in East Peru?
A typical home costs
$85,800, which is 74.6% less expensive than the national average of
$338,100 and 56.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in East Peru costs
$980 per month, which is 31.5% cheaper than the national average of
$1,430 and 5.1% more than the state average of
$930.
Can I afford East Peru?
To live comfortably in East Peru, Iowa, a minimum annual income of
$16,560 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about East Peru?
The cost of living in East Peru, IA is quite reasonable. Property taxes are low and housing costs are some of the most affordable in the state. The median monthly rent for a one bedroom apartment is just $750, while a three bedroom house will run you around $950 on average. It’s also quite inexpensive to own a car here. Gas prices are among the lowest in the country and auto insurance can be relatively inexpensive as well. Utility costs are also kept low thanks to Iowa's very competitive electricity market. All things considered, living in East Peru is quite affordable and certainly beats out many other places across the Midwest where prices routinely soar above the national average.