Zip 50620 (Colwell, IA) Cost of Living


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United States / Iowa / No Metro Area / Floyd County / Colwell / Colwell (zip 50620)
How much do I need to live in Colwell, Iowa?
$1,830 / month
for a family, 66.1% less expensive than the national average A total of $21,960 for the year for a family.
$2,033 / month
for a single person, 57.4% less expensive than the national average A total of $24,400 for the year for a single person.

Colwell cost of living score
72.6
Less expensive
27.4% lower
than the US average
9.4% lower
than the Iowa average
Colwell (zip 50620), Iowa gets a BestPlaces Cost of Living score of 72.6, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.4% lower than the U.S. average and 9.4% higher than the average for Iowa.

Zip 50620 (Colwell, IA)

Housing costs in Colwell?
A typical home costs $115,500, which is 65.8% less expensive than the national average of $338,100 and 40.7% less expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Colwell costs $770 per month, which is 46.2% cheaper than the national average of $1,430 and 20.8% cheaper than the state average of $930.

Can I afford Colwell?
To live comfortably in Colwell (zip 50620), Iowa, a minimum annual income of $21,960 for a family, and $24,400 for a single person is recommended.

What does A.I. say about Colwell?
The cost of living in 50620 Colwell, IA is quite affordable. The median home value in this area is $104,400, which is significantly lower than the national average. Renters can expect to pay an average of $541/month for a two-bedroom apartment. The groceries index is 8% below the national average as well, so food costs are relatively low. Furthermore, the overall cost of living index for Colwell, IA is estimated to be 11% below the national average.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesColwellIowaUnited States
    Unlock80.1100.0
  86.8  Unlock100.0
    Unlock108.2100.0
  10.6  Unlock100.0
    Unlock$194,900$338,100
  98.9  Unlock100.0
    Unlock71.4100.0
  86.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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