Housing costs in Lansing?
A typical home costs
$194,500, which is 42.5% less expensive than the national average of
$338,100 and 0.2% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Lansing costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 19.2% cheaper than the state average of
$930.
Can I afford Lansing?
To live comfortably in Lansing, Iowa, a minimum annual income of
$37,440 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Lansing?
The cost of living in Lansing, IA is quite low. According to Sperling's Best Places, the cost of living index is at 85.4, making it 14.6 points lower than the national average. This makes Lansing a great place to live and work if you are looking for a cheaper option compared to other cities in the US. The housing market is also relatively reasonable with median home prices being $115,400 and median rent being $785. Food prices are also on the lower end with a median restaurant price of around $10 per person for a meal or snack. Overall, Lansing is an affordable area to live in Iowa, offering residents many opportunities to save money on everyday living expenses.