Housing costs in Van Wert?
A typical home costs
$73,500, which is 78.3% less expensive than the national average of
$338,100 and 62.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Van Wert costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 27.4% cheaper than the state average of
$930.
Can I afford Van Wert?
To live comfortably in Van Wert, Iowa, a minimum annual income of
$14,040 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Van Wert?
The cost of living in Van Wert, IA is relatively low. The city has an overall cost of living index of 80.6, making it 13.4% lower than the U.S. average. This means that the cost of groceries, housing, utilities and health care are all well below the national average. Additionally, residents benefit from low property taxes due to the area's rural nature; on average, homeowners pay around 1% in taxes each year. Van Wert also has a relatively high median household income when compared to other cities in Iowa: $55,912 per year. All these factors combined make Van Wert an attractive option for those looking for an affordable place to live in Iowa.