Bankston, IA Cost of Living


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Bankston cost of living score
84.9
Less expensive
15.1% lower
than the US average
6.0% higher
than the Iowa average
Bankston, Iowa gets a BestPlaces Cost of Living score of 84.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 15.1% lower than the U.S. average and 6.0% lower than the average for Iowa.

Bankston, IA

Housing costs in Bankston?
A typical home costs $248,100, which is 26.6% less expensive than the national average of $338,100 and 27.3% more expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Bankston costs $850 per month, which is 40.6% cheaper than the national average of $1,430 and 9.4% cheaper than the state average of $930.

Can I afford Bankston?
To live comfortably in Bankston, Iowa, a minimum annual income of $47,520 for a family, and $25,600 for a single person is recommended.

What does A.I. say about Bankston?
The cost of living in Bankston, IA is relatively low compared to other cities and towns in the area. The median home price is around $80,000, which is much lower than the national average. Additionally, groceries and other basic needs are reasonably priced with a low tax rate of 6.8%. Renting a one-bedroom apartment in Bankston, IA only costs around $600 per month on average, making it an affordable option for those looking for housing in the area. Overall, Bankston provides a great quality of life at an affordable price.
   Cost of living score
     CategoriesBankstonIowaUnited States
  84.980.1100.0
  97.594.4100
  104.8108.2100.0
  52.155.4100.0
  $248,100$194,900$338,100
  98.7%98.5%100.0%
  73.471.4100.0
  113.896.3100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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