Housing costs in Hancock?
A typical home costs
$149,400, which is 55.8% less expensive than the national average of
$338,100 and 23.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Hancock costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$930.
Can I afford Hancock?
To live comfortably in Hancock, Iowa, a minimum annual income of
$28,800 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Hancock?
Hancock, IA is an affordable place to live with a low cost of living. According to BestPlaces, the cost of living index for Hancock is 81.2, which is 19.8% lower than the U.S. average. The median home cost in Hancock is $83,800, which is significantly lower than the national median home value of $184,700. Transportation costs are also quite reasonable; the average price for gas in Hancock is $2.40 per gallon while the U.S. average is $2.58 per gallon. Overall, residents of Hancock can enjoy all the amenities of a larger city at a fraction of the price!