Housing costs in Hamburg?
A typical home costs
$101,300, which is 70.0% less expensive than the national average of
$338,100 and 48.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Hamburg costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 27.4% cheaper than the state average of
$930.
Can I afford Hamburg?
To live comfortably in Hamburg, Iowa, a minimum annual income of
$19,440 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Hamburg?
The cost of living in Hamburg, IA is relatively affordable. According to Sperling's Best Places, the total cost of living index for Hamburg is 79.4, which is significantly lower than the U.S. national average of 100. The median home price in Hamburg is $77,100 and the median rent price per month is only $585. Utilities costs are also very competitive due to the city's access to natural gas and electricity sources. Groceries are also moderately priced with a market basket of food items costing approximately 11% below the national average. All in all, Hamburg offers an affordable lifestyle that won't break the bank!