Housing costs in Oelwein?
A typical home costs
$84,900, which is 74.9% less expensive than the national average of
$338,100 and 56.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Oelwein costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 27.4% cheaper than the state average of
$930.
Can I afford Oelwein?
To live comfortably in Oelwein, Iowa, a minimum annual income of
$16,200 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Oelwein?
The cost of living in Oelwein, IA is quite reasonable. According to BestPlaces's Cost of Living Index, the overall cost of living in Oelwein is 12% lower than the United States average. This means that housing costs are about 17% lower than the national average and groceries are an impressive 24% cheaper than the national average. Additionally, utility costs are 32% lower than the US average and transportation costs are 7% below the national median. All of this makes Oelwien a great destination for those looking for an affordable place to live.