Housing costs in Independence?
A typical home costs
$174,500, which is 48.4% less expensive than the national average of
$338,100 and 10.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Independence costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and 10.7% cheaper than the state average of
$930.
Can I afford Independence?
To live comfortably in Independence, Iowa, a minimum annual income of
$33,480 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Independence?
The cost of living in Independence, IA is quite affordable. The median home price is $118,500 and the median cost of rent is $792 per month. The overall cost of living index for Independence is 87.6 which is 13.4% lower than the U.S. average. This means that goods and services are generally 13.4% cheaper than in other areas of the country, making it an attractive option for those looking to save money while still enjoying all that Independence has to offer. In addition, unemployment rates are low at 3%, and overall incomes are higher than the rest of Iowa's averages, giving people more spending power in this city.