Housing costs in Archer?
A typical home costs
$161,000, which is 52.4% less expensive than the national average of
$338,100 and 17.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Archer costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$930.
Can I afford Archer?
To live comfortably in Archer (zip 51231), Iowa, a minimum annual income of
$30,960 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Archer?
The cost of living in 51231 Archer, IA is relatively low compared to other areas of the country. The median home value is around $101,500 and the median household income is around $62,500. Utilities are affordable with electricity costing an average of 10.97 cents per kilowatt hour and natural gas costing a monthly rate of $13.66 per 1000 cubic feet. Groceries can be found for bargain prices at local stores like Fareway and Hy-Vee Heartland. Property taxes are also reasonable with homeowners paying an average levy rate of just 1.03%. All in all, 51231 Archer, IA has a very low cost of living, making it an ideal location for young families and retirees alike looking to stretch their budgets a bit further.