Housing costs in Elgin?
A typical home costs
$149,000, which is 55.9% less expensive than the national average of
$338,100 and 23.6% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Elgin costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 19.2% cheaper than the state average of
$930.
Can I afford Elgin?
To live comfortably in Elgin (zip 52141), Iowa, a minimum annual income of
$28,440 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Elgin?
The cost of living in 52141 Elgin, IA is quite affordable. According to the Cost of Living Index, it is around 16.4% lower than the national average, making it an attractive destination for those on a budget. Groceries are especially affordable, with prices that are 8.5% lower than the national average. In addition, utility costs such as electricity and heating are 28.9% lower than the national average. With such low costs of living, Elgin is a great place to settle down for those looking to save money while enjoying a rural lifestyle full of all that nature has to offer.