Housing costs in Iowa City?
A typical home costs
$265,800, which is 21.4% less expensive than the national average of
$338,100 and 36.4% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Iowa City costs
$1,150 per month, which is 19.6% cheaper than the national average of
$1,430 and 19.1% more than the state average of
$930.
Can I afford Iowa City?
To live comfortably in Iowa City, Iowa, a minimum annual income of
$50,760 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Iowa City?
Iowa City, Iowa has a cost of living index rating slightly higher than that if the nation at 101 due largely to housing expenses making up 41%, transportation at 10%, groceries (11%), utilities (7%) and healthcare making up 8%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even below average providing citizens with an overall moderate cost of living compared with almost anywhere else in America.