Housing costs in Des Moines?
A typical home costs
$308,000, which is 8.9% less expensive than the national average of
$338,100 and 58.0% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Des Moines costs
$1,080 per month, which is 16.1% more than the national average of
$930 and close to the state average of
$1,060.
Can I afford Des Moines?
To live comfortably in Des Moines (zip 50321), Iowa, a minimum annual income of
$59,040 for a family, and
$35,600 for a single person is recommended.
What does A.I. say about Des Moines?
The cost of living in Des Moines, IA 50321 is overall fairly affordable. According to 2019 estimates, the median home price in Des Moines is about $174,000, which is 8.6% lower than the national median. The median household income is around $58,945 per year, and groceries are about 10.7% lower than the rest of the nation’s average. Utilities are also notably cheaper at around 11.2% below the national average. Public transportation costs have decreased slightly over the years; a regular monthly pass will cost about $50 a month. All these factors make Des Moines an ideal place for individuals or families looking for an economical place to live while still enjoying all that city life has to offer.