Housing costs in Malvern?
A typical home costs
$208,200, which is 38.4% less expensive than the national average of
$338,100 and 6.8% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Malvern costs
$1,050 per month, which is 26.6% cheaper than the national average of
$1,430 and 11.4% more than the state average of
$930.
Can I afford Malvern?
To live comfortably in Malvern, Iowa, a minimum annual income of
$39,960 for a family, and
$34,400 for a single person is recommended.
What does A.I. say about Malvern?
The cost of living in Malvern, IA is very affordable. It has an overall cost of living index of 80.3, which is much lower than the national average of 100. This means that things like housing, groceries, transportation, healthcare and utilities are all more affordable when compared to other areas of the country. Residents benefit from significantly lower taxes and the ability to stretch their dollar further on everyday purchases. Overall, Malvern is an attractive option for those who want to enjoy a high quality of life without breaking the bank.