Housing costs in Lenox?
A typical home costs
$106,000, which is 68.6% less expensive than the national average of
$338,100 and 45.6% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Lenox costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$930.
Can I afford Lenox?
To live comfortably in Lenox, Iowa, a minimum annual income of
$20,160 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Lenox?
The cost of living in Lenox, IA is quite affordable. According to the most recent cost of living index, it is 16% lower than the national average. Housing costs are very reasonable, with a median home price of $95,200. Utilities are also relatively low-cost due to Iowa's energy efficiency initiatives. The area also has many restaurants and grocery stores that offer inexpensive options for food and other necessities. Overall, Lenox is an ideal place to call home due to its affordability and the opportunity to enjoy a rural lifestyle without breaking the bank.