Housing costs in Elkader?
A typical home costs
$138,000, which is 59.2% less expensive than the national average of
$338,100 and 29.2% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Elkader 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 Elkader?
To live comfortably in Elkader (zip 52043), Iowa, a minimum annual income of
$26,280 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Elkader?
The cost of living in 52043 Elkader, IA is relatively low. According to the Best Places website, the overall cost of living index is about 15 percent lower than the national average. This makes it an affordable place to live for those who are looking for a small town with a tight-knit community and rural charm. The median home price in Elkader is $105,600 which is significantly lower than the US median home price of $231,200. Additionally, salaried workers earning $64,000 per year can expect to take home around $51,000 after taxes which gives residents good buying power with their salary. All these factors combined make Elkader an ideal location for those who value affordability and quality of life.