Housing costs in Panora?
A typical home costs
$407,400, which is 20.5% more expensive than the national average of
$338,100 and 109.0% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Panora costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 4.1% more than the state average of
$930.
Can I afford Panora?
To live comfortably in Panora, Iowa, a minimum annual income of
$78,120 for a family, and
$32,000 for a single person is recommended.
What does A.I. say about Panora?
The cost of living in Panora, IA is quite reasonable. The overall cost of living index is 85.2, which is 15.8% lower than the national average. Housing costs are particularly affordable as the median home value is $120,100 and the median rent is only $715 per month. Utilities are also very reasonably priced with monthly electricity rates being 12% lower than the national average. All in all, the low cost of living in Panora makes it an attractive place to live for individuals and families seeking a more affordable lifestyle.