Housing costs in Monmouth?
A typical home costs
$182,400, which is 46.1% less expensive than the national average of
$338,100 and 6.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Monmouth costs
$760 per month, which is 46.9% cheaper than the national average of
$1,430 and 22.4% cheaper than the state average of
$930.
Can I afford Monmouth?
To live comfortably in Monmouth, Iowa, a minimum annual income of
$34,920 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Monmouth?
The cost of living in Monmouth, IA is quite reasonable. The overall cost of living index for the city is 79.9, which is lower than both the state and national average. Housing prices are especially affordable with a median home value of $81,800, which is lower than both the state and national averages. Renting a one-bedroom apartment will cost around $652 per month on average, while utility costs are also very low compared to other parts of the country. Prices for groceries and other basic items are also relatively low in Monmouth, making it an attractive location for people looking to save money while still enjoying quality amenities like small-town charm and close proximity to nearby cities.