Zip 50542 (Goldfield, IA) Cost of Living


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United States / Iowa / No Metro Area / Wright County / Goldfield / Goldfield (zip 50542)
How much do I need to live in Goldfield, Iowa?
$1,950 / month
for a family, 63.9% less expensive than the national average A total of $23,400 for the year for a family.
$1,967 / month
for a single person, 58.7% less expensive than the national average A total of $23,600 for the year for a single person.

Goldfield cost of living score
71.5
Less expensive
28.5% lower
than the US average
10.7% lower
than the Iowa average
Goldfield (zip 50542), Iowa gets a BestPlaces Cost of Living score of 71.5, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 28.5% lower than the U.S. average and 10.7% higher than the average for Iowa.

Zip 50542 (Goldfield, IA)

Housing costs in Goldfield?
A typical home costs $122,700, which is 63.7% less expensive than the national average of $338,100 and 37.0% less expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Goldfield costs $770 per month, which is 46.2% cheaper than the national average of $1,430 and 20.8% cheaper than the state average of $930.

Can I afford Goldfield?
To live comfortably in Goldfield (zip 50542), Iowa, a minimum annual income of $23,400 for a family, and $23,600 for a single person is recommended.

What does A.I. say about Goldfield?
The cost of living in 50542 Goldfield, IA is relatively low compared to other parts of the United States. The median home price is around $85,000 and the median household income is around $48,000. This means that housing costs are quite affordable for residents of this small town. Additionally, the unemployment rate in this area is well below the national average, making it a great place to live and work. Other costs such as transportation, food, and entertainment are also quite reasonable in comparison to many other areas. All in all, Goldfield appears to be an affordable place for individuals or families looking for a more rural lifestyle.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesGoldfieldIowaUnited States
    Unlock80.1100.0
  92.2  Unlock100.0
    Unlock108.2100.0
  26.0  Unlock100.0
    Unlock$194,900$338,100
  94.6  Unlock100.0
    Unlock71.4100.0
  88.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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