Zip 50847 (Grant, IA) Cost of Living


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United States / Iowa / No Metro Area / Montgomery County / Grant / Grant (zip 50847)

Grant cost of living score
70.8
Less expensive
29.2% lower
than the US average
11.6% lower
than the Iowa average
Grant (zip 50847), Iowa gets a BestPlaces Cost of Living score of 70.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.2% lower than the U.S. average and 11.6% higher than the average for Iowa.

Zip 50847 (Grant, IA)

Housing costs in Grant?
A typical home costs $47,500, which is 86.0% less expensive than the national average of $338,100 and 75.6% less expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Grant costs $700 per month, which is 51.0% cheaper than the national average of $1,430 and 32.9% cheaper than the state average of $930.

Can I afford Grant?
To live comfortably in Grant (zip 50847), Iowa, a minimum annual income of $9,000 for a family, and $21,200 for a single person is recommended.

What does A.I. say about Grant?
The cost of living in 50847 Grant, IA is quite affordable compared to many other parts of the country. The median home value is just over $110,000, which is an excellent deal for those looking to buy a home. The median rent is also very low at about $600 per month. The average cost of groceries and utilities in the area are also low, making it easy for families to make ends meet. Additionally, there are plenty of jobs available both in town and nearby areas, allowing residents to find work that fits their lifestyle and budget.
   Cost of living score
     CategoriesGrantIowaUnited States
  70.880.1100.0
  89.394.4100
  110.0108.2100.0
  12.955.4100.0
  $47,500$194,900$338,100
  104.8%98.5%100.0%
  68.271.4100.0
  82.596.3100.0

   100=National Average

   Average Rent by Bedroom Size
Crime