Housing costs in Elk Horn?
A typical home costs
$158,900, which is 53.0% less expensive than the national average of
$338,100 and 18.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Elk Horn costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 16.3% cheaper than the state average of
$930.
Can I afford Elk Horn?
To live comfortably in Elk Horn (zip 51531), Iowa, a minimum annual income of
$30,600 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Elk Horn?
51531 Elk Horn, IA is a great place to live with a low cost of living. According to BestPlaces's Cost of Living Index, the average cost of living in 51531 for a family of four is approximately $62,150 per year. This includes housing costs, taxes, transportation, and medical care costs. The cost of living in 51531 is significantly lower than the national average; however, residents can still enjoy a high quality of life due to the town's desirable amenities such as nearby parks and trails, good schools, and access to local businesses and services. Additionally, 51531 has convenient access to larger cities like Omaha and Des Moines for additional entertainment or shopping opportunities.