Housing costs in Lorimor?
A typical home costs
$145,400, which is 57.0% less expensive than the national average of
$338,100 and 25.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Lorimor costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 5.7% cheaper than the state average of
$930.
Can I afford Lorimor?
To live comfortably in Lorimor, Iowa, a minimum annual income of
$27,720 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Lorimor?
The cost of living in Lorimor, IA is relatively low compared to other cities and states in the United States. The median home price is around $87,000, while the median monthly rent for a two-bedroom apartment is approximately $550. The overall cost of goods and services are generally lower here than most places, with the average grocery bill estimated at just over $60 a week. Additionally, transportation costs are quite affordable due to the city's small size; monthly bus passes can be purchased for as little as $20. All this makes Lorimor an ideal place for those looking to stretch their budgets and live comfortably on less income.