Housing costs in Renwick?
A typical home costs
$87,000, which is 74.3% less expensive than the national average of
$338,100 and 55.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Renwick costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$930.
Can I afford Renwick?
To live comfortably in Renwick, Iowa, a minimum annual income of
$16,560 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Renwick?
The cost of living in Renwick, IA is relatively low compared to other parts of the country. The median home value in Renwick is just over $93,000, and housing costs make up a smaller portion of the average resident’s budget than in many other locations. Additionally, property taxes are lower than state and national averages, and transportation costs are also kept affordable due to the town’s short distances and limited public transportation options. Overall, residents of Renwick can enjoy a comfortable lifestyle without breaking the bank.