Housing costs in Nora Springs?
A typical home costs
$154,000, which is 54.5% less expensive than the national average of
$338,100 and 21.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Nora Springs costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$930.
Can I afford Nora Springs?
To live comfortably in Nora Springs, Iowa, a minimum annual income of
$29,520 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Nora Springs?
The cost of living in Nora Springs, IA is quite reasonable. The overall cost of living index is estimated to be around 85.7 which is 15.3% lower than the US average. Housing costs are especially affordable with a median home value of approximately $78,000 and the median rent for a two bedroom apartment being only about $640 per month. Food and grocery items are also relatively inexpensive when compared to neighboring towns or larger cities. Additionally, utilities such as electricity, water, and natural gas are generally lower than the national average making it affordable to keep your home comfortable throughout the year.