Housing costs in St. Olaf?
A typical home costs
$80,400, which is 76.2% less expensive than the national average of
$338,100 and 58.7% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in St. Olaf costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 17.7% cheaper than the state average of
$930.
Can I afford St. Olaf?
To live comfortably in St. Olaf, Iowa, a minimum annual income of
$15,480 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about St. Olaf?
The cost of living in St. Olaf, IA is quite affordable. Housing costs are low, with average home prices sitting around $150,000 and the median rent coming in around $800 per month. Goods and services also tend to be reasonably priced, with most basic necessities costing no more than the national average. Other costs such as groceries, transportation, and utilities are similarly priced compared to other towns in the region. All things considered, St. Olaf is a great place to live if you're looking for an affordable home and cost of living.