Housing costs in Melrose?
A typical home costs
$150,200, which is 55.6% less expensive than the national average of
$338,100 and 22.9% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Melrose costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$930.
Can I afford Melrose?
To live comfortably in Melrose, Iowa, a minimum annual income of
$28,800 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Melrose?
The cost of living in Melrose, IA is quite affordable compared to many other areas. The median home value is around $104,000 which is relatively low for the area and provides a great opportunity for those looking for an affordable place to live. Additionally, the cost of groceries, utilities and health care are all fairly low making it an attractive place to settle down. There are also plenty of jobs available in the town so finding employment should not be too difficult. Overall, Melrose, IA offers a great environment for those looking for a low-cost place to call home.