Housing costs in New Albin?
A typical home costs
$158,300, which is 53.2% less expensive than the national average of
$338,100 and 18.8% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in New Albin costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$930.
Can I afford New Albin?
To live comfortably in New Albin, Iowa, a minimum annual income of
$30,240 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about New Albin?
The cost of living in New Albin, IA is very affordable. There are many amenities offered at low costs including transportation, groceries, and housing. Groceries can range from $3-7 for a standard meal, while transportation options include public bus service as well as cheap gas prices due to the small population size. Housing is also reasonably priced with the median home cost at around $85k and rental prices ranging from $500-$1,200 per month depending on location and size. Overall, New Albin has a very low cost of living compared to other cities in the area.