Housing costs in Gilmore City?
A typical home costs
$78,300, which is 76.8% less expensive than the national average of
$338,100 and 59.8% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Gilmore City costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$930.
Can I afford Gilmore City?
To live comfortably in Gilmore City (zip 50541), Iowa, a minimum annual income of
$15,120 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Gilmore City?
The cost of living in 50541 Gilmore City, IA is relatively low compared to other areas in the country. In fact, the estimated cost of living index for this area is only 86.6, which is 14.4 points lower than the national average. This means that residents of Gilmore City are able to enjoy much more affordable housing costs, groceries, health care, transportation, and other necessities than those who live in surrounding areas. With a median home value of $87,400 and an average grocery bill of around $30 per week -it is easy to see why people are attracted to this area for its affordability and quality of life.