Housing costs in Corning?
A typical home costs
$124,400, which is 63.2% less expensive than the national average of
$338,100 and 36.2% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Corning costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 8.1% cheaper than the state average of
$930.
Can I afford Corning?
To live comfortably in Corning (zip 50841), Iowa, a minimum annual income of
$23,760 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Corning?
50841 Corning, IA has an affordable cost of living. The overall cost of living index is 80.7, which is significantly lower than the national average of 100. Housing costs are well below the national average at 48.6, making it an ideal place to purchase a home. The median home value in Corning is $87,800 with an average rent of $547 per month. Grocery and miscellaneous expenses are also slightly lower than the national averages, making it easy for residents to save money on their monthly expenses. All in all, 50841 Corning, IA offers a great quality of life at an incredibly low cost!