Housing costs in Algona?
A typical home costs
$151,100, which is 55.3% less expensive than the national average of
$338,100 and 22.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Algona costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 14.8% cheaper than the state average of
$930.
Can I afford Algona?
To live comfortably in Algona (zip 50511), Iowa, a minimum annual income of
$28,800 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Algona?
The cost of living in Algona, IA 50511 is relatively low compared to the national average. The median home value is just under $100,000, making it an affordable option for those looking to buy a house. Additionally, the median household income sits at $46,936 and the unemployment rate is only 3.3%, indicating that most people are able to find work in the area. Additionally, rentals in Algona tend to be very reasonable when compared with other places in Iowa and across the country. All of these factors make Algona an appealing place for those looking for an affordable place to live.