Housing costs in Underwood?
A typical home costs
$303,500, which is 10.2% less expensive than the national average of
$338,100 and 55.7% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Underwood costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$930.
Can I afford Underwood?
To live comfortably in Underwood, Iowa, a minimum annual income of
$58,320 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Underwood?
Underwood, IA is a small town with a cost of living that is lower than the national average. The median home value in Underwood is $169,300 and the median family income is $62,444. Utilities are inexpensive compared to other towns of similar size, with average monthly costs for electricity and water being significantly lower than the national averages. Property taxes are also low relative to other towns in Iowa, providing an additional incentive for people to live in Underwood. Additionally, food costs are modest and nearly all goods and services offered locally have competitive prices which make it easy to maintain a budget-friendly lifestyle in this rural community.