Housing costs in New Market?
A typical home costs
$105,800, which is 68.7% less expensive than the national average of
$338,100 and 45.7% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in New Market costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 16.3% cheaper than the state average of
$930.
Can I afford New Market?
To live comfortably in New Market, Iowa, a minimum annual income of
$20,160 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about New Market?
New Market, IA has a relatively low cost of living compared to other cities in the United States. The median home cost is $134,200, which is 33% lower than the national average. This low home cost means that a family can purchase a decent-sized home in New Market for less than they could in many other cities. In addition, transportation expenses are relatively inexpensive given the close proximity to major cities like Des Moines and Omaha. Other necessities such as groceries and medical care also come at very reasonable prices in New Market. On top of this, the city has no income tax rate, making it even more attractive to residents who want to keep more of their money and spend less on living expenses.