Housing costs in Shannon City?
A typical home costs
$58,800, which is 82.6% less expensive than the national average of
$338,100 and 69.8% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Shannon City 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 Shannon City?
To live comfortably in Shannon City, Iowa, a minimum annual income of
$11,160 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Shannon City?
The cost of living in Shannon City, IA is relatively low compared to many other cities across the United States. According to a recent study, Shannon City’s cost of living index was recorded at 86.2—nearly 14 points lower than the national average. This allows residents to enjoy an array of amenities and services that can be found in larger cities without having to pay corresponding higher costs for such items as housing, groceries, utilities, and entertainment. As a result, those who choose to call Shannon City home are able to fully enjoy all it has to offer while saving money in the process.