Housing costs in Carpenter?
A typical home costs
$63,500, which is 81.2% less expensive than the national average of
$338,100 and 67.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Carpenter 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 Carpenter?
To live comfortably in Carpenter (zip 50426), Iowa, a minimum annual income of
$12,240 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Carpenter?
The cost of living in 50426 Carpenter, IA is relatively low compared to other parts of the country. According to Best Places, the cost of living index in 50426 is 79.2, which is lower than the U.S average of 100. This means that basic goods and services are 20% cheaper in this area than they would be on average nationwide. Housing costs are especially low due to a large number of homes available for rent or purchase at affordable prices. Additionally, food and utility costs are also reasonable, making it easy for residents to make ends meet on a limited budget. All things considered, 50426 Carpenter is an attractive option for those looking for a place with a low cost of living.