New Virginia, IA Cost of Living


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New Virginia cost of living score
89.4
Less expensive
10.6% lower
than the US average
11.6% higher
than the Iowa average
New Virginia, Iowa gets a BestPlaces Cost of Living score of 89.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 10.6% lower than the U.S. average and 11.6% lower than the average for Iowa.

New Virginia, IA

Housing costs in New Virginia?
A typical home costs $272,900, which is 19.3% less expensive than the national average of $338,100 and 40.0% more expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in New Virginia costs $900 per month, which is 37.1% cheaper than the national average of $1,430 and 3.3% cheaper than the state average of $930.

Can I afford New Virginia?
To live comfortably in New Virginia, Iowa, a minimum annual income of $52,200 for a family, and $29,600 for a single person is recommended.

What does A.I. say about New Virginia?
The cost of living in New Virginia, IA is relatively reasonable. The median home price is around $115,000 which is well below the national median. The overall cost of living index in New Virginia, IA is 88.3, which is 12.7% lower than the U.S. average. Residents and visitors alike can find rental costs to be more than affordable as most two-bedroom apartments are available for an average of $650 per month or less. Taxes are also very low, with a sales tax rate of 6%. This makes New Virginia, IA an attractive budget-friendly destination for those looking for a peaceful and tranquil small town lifestyle without having to break the bank.
   Cost of living score
     CategoriesNew VirginiaIowaUnited States
  89.480.1100.0
  97.594.4100
  104.2108.2100.0
  67.655.4100.0
  $272,900$194,900$338,100
  104.9%98.5%100.0%
  94.971.4100.0
  116.696.3100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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