Luxemburg, IA Cost of Living


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Luxemburg cost of living score
84.9
Less expensive
15.1% lower
than the US average
6.0% higher
than the Iowa average
Luxemburg, Iowa gets a BestPlaces Cost of Living score of 84.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.1% lower than the U.S. average and 6.0% lower than the average for Iowa.

Luxemburg, IA

Housing costs in Luxemburg?
A typical home costs $179,700, which is 46.9% less expensive than the national average of $338,100 and 7.8% less expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Luxemburg costs $920 per month, which is 35.7% cheaper than the national average of $1,430 and close to the state average of $930.

Can I afford Luxemburg?
To live comfortably in Luxemburg, Iowa, a minimum annual income of $34,560 for a family, and $28,000 for a single person is recommended.

What does A.I. say about Luxemburg?
Luxemburg, IA is an affordable place to live. The cost of living index in Luxemburg is 94.9, which is lower than the national average of 100. This means that overall, goods and services are less expensive in Luxemburg than in other parts of the country. The median household income is $76,000 per year and the median home value is $179,600. These figures are slightly higher than the national averages, but still very reasonable for this area of Iowa. Residents have access to all necessary amenities such as grocery stores and healthcare facilities at a fraction of what they would pay in larger cities like Chicago or New York City.
   Cost of living score
     CategoriesLuxemburgIowaUnited States
  84.980.1100.0
  94.894.4100
  104.8108.2100.0
  51.055.4100.0
  $179,700$194,900$338,100
  98.7%98.5%100.0%
  73.471.4100.0
  114.296.3100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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