Housing costs in Nichols?
A typical home costs
$167,600, which is 50.4% less expensive than the national average of
$338,100 and 14.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Nichols costs
$1,240 per month, which is 13.3% cheaper than the national average of
$1,430 and 25.0% more than the state average of
$930.
Can I afford Nichols?
To live comfortably in Nichols, Iowa, a minimum annual income of
$32,040 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Nichols?
The cost of living in Nichols, IA is quite affordable. The city has an overall cost of living index rating of 81.2, which is 20.8% lower than the national average. Housing costs are significantly below the national average with a median home value estimated at $117,000 and rent prices running about $775 per month for a one-bedroom apartment. Utilities are also quite affordable in Nichols with electricity costing an average of 11% less than the US average and natural gas prices below the national average as well. Overall, living in Nichols is relatively inexpensive compared to other parts of Iowa and the country as a whole.