Housing costs in Fayette?
A typical home costs
$144,400, which is 57.3% less expensive than the national average of
$338,100 and 25.9% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Fayette 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 Fayette?
To live comfortably in Fayette (zip 52142), Iowa, a minimum annual income of
$27,720 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Fayette?
The cost of living in 52142 Fayette, IA is relatively low compared to the national average. According to BestPlaces, the cost of living index for this area is 76 out of 100, which is 24 points lower than the U.S. average. Housing costs in this area are particularly affordable at an index score of 66, and groceries also have an index rating of 86. Furthermore, transportation costs are slightly higher than average at 98, due to the rural nature of the town and lack of public transit options. In general, however, life in Fayette is quite affordable with a cost of living that is well below the national average.