Housing costs in Ely?
A typical home costs
$300,400, which is 11.2% less expensive than the national average of
$338,100 and 54.1% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Ely costs
$960 per month, which is 3.2% more than the national average of
$930 and 6.3% more than the state average of
$900.
Can I afford Ely?
To live comfortably in Ely (zip 52227), Iowa, a minimum annual income of
$57,600 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Ely?
The cost of living in 52227 Ely, IA is quite affordable compared to the national average. In fact, according to Best Places, the overall cost of living index for this area is a full 10 points lower than the national average at 92. Goods and services, such as groceries, healthcare costs, transportation costs, and utilities are all significantly lower than the national average. This makes 52227 Ely, IA an attractive option for those looking for an affordable place to live.