Housing costs in Algona?
A typical home costs
$158,800, which is 53.0% less expensive than the national average of
$338,100 and 18.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Algona 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 Algona?
To live comfortably in Algona, Iowa, a minimum annual income of
$30,600 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Algona?
Algona, IA boasts an affordable cost of living. According to Best Places, the cost of living index in Algona is 81.8, making it significantly lower than the national average of 100. Housing in Algona is especially affordable, with a median home price of $120,400 that is much lower than the national median of $231,200. In addition to housing costs being below average, groceries and health care are both cheaper as well. With all these low costs of living, Algona provides a great home for those looking to save money while still enjoying some Midwestern charm.