Housing costs in Fayette?
A typical home costs
$144,800, which is 57.2% less expensive than the national average of
$338,100 and 25.7% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Fayette costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 16.3% cheaper than the state average of
$930.
Can I afford Fayette?
To live comfortably in Fayette, Iowa, a minimum annual income of
$27,720 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Fayette?
Fayette, IA is an affordable place to live. The cost of living in Fayette is about 8.5% lower than the average cost of living in the United States, making it a great option for those looking for an affordable place to call home. Housing costs are approximately 20% lower than the national average, and groceries and healthcare costs are also relatively low compared to other places. With no state income tax, residents of Fayette can keep more of their money in their pockets. The low cost of living combined with its small town charm makes Fayette a desirable destination for many.