Housing costs in Madrid?
A typical home costs
$224,600, which is 33.6% less expensive than the national average of
$338,100 and 15.2% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Madrid costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 6.9% cheaper than the state average of
$930.
Can I afford Madrid?
To live comfortably in Madrid, Iowa, a minimum annual income of
$43,200 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Madrid?
Madrid, IA is a great place to live with an affordable cost of living. The median home price in the city is $121,400, which is much lower than the national average. Renters can also find good deals on apartments and houses in Madrid, with one-bedroom apartments costing on average between $450 and $600 per month. The cost of groceries and other everyday items tend to be slightly lower than the national averages as well. All in all, Madrid offers a high quality of life at an affordable price for individuals or families looking for a quiet, safe place to call home.