Housing costs in Forest City?
A typical home costs
$151,900, which is 55.1% less expensive than the national average of
$338,100 and 22.1% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Forest City 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 Forest City?
To live comfortably in Forest City, Iowa, a minimum annual income of
$29,160 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Forest City?
The cost of living in Forest City, IA is quite affordable compared to other cities in the region. The median home price is around $100,000 which is lower than the national median and allows for more people in the area to become homeowners. Additionally, utilities are relatively inexpensive and taxes are low compared to neighboring communities. In terms of food and groceries, prices tend to be slightly higher than average due to the rural location; however, with a few local markets and restaurants nearby, it’s easy for residents to save money while still enjoying an excellent quality of life.