Housing costs in Elma?
A typical home costs
$152,800, which is 54.8% less expensive than the national average of
$338,100 and 21.6% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Elma 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 Elma?
To live comfortably in Elma (zip 50628), Iowa, a minimum annual income of
$29,160 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Elma?
The cost of living in 50628 Elma, IA is very reasonable. The median home value is just over $80,000, making it a more affordable option than many other areas. Additionally, the median gross rent is only $735 per month. This makes the area appealing to potential renters and buyers alike. Groceries are also relatively inexpensive in Elma, with the average grocery bill costing about 10 percent less than the national average. All of these factors make 50628 Elma, IA an attractive place to live for people looking to get more value for their dollar.