Housing costs in Colo?
A typical home costs
$187,100, which is 44.7% less expensive than the national average of
$338,100 and 4.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Colo costs
$990 per month, which is 6.5% more than the national average of
$930 and 3.0% more than the state average of
$960.
Can I afford Colo?
To live comfortably in Colo (zip 50056), Iowa, a minimum annual income of
$36,000 for a family, and
$34,800 for a single person is recommended.
What does A.I. say about Colo?
The cost of living in 50056 Colo, IA is quite affordable compared to many other cities in the US. The median home value in this area is $139,700 which is much lower than the national median of $231,200. Renting an apartment also tends to be quite inexpensive, with the average monthly rent being about $635. Groceries and other necessities cost about 10% below the national average, making it a great option for those looking for more affordable living quarters. The overall cost of living index for 50056 Colo is 92.2 which is 8.2% lower than the US average making it an excellent choice for those who want to keep their costs low while still maintaining a good quality of life.