Housing costs in Iowa City?
A typical home costs
$276,200, which is 18.3% less expensive than the national average of
$338,100 and 41.7% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Iowa City costs
$1,140 per month, which is 22.6% more than the national average of
$930 and 3.5% more than the state average of
$1,100.
Can I afford Iowa City?
To live comfortably in Iowa City (zip 52240), Iowa, a minimum annual income of
$52,920 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Iowa City?
The cost of living in 52240 Iowa City, IA is relatively average compared to other cities. According to the BestPlaces Cost of Living index, Iowa City has a cost of living index of 105.3, which is about 5% higher than the US national average. The housing costs are around the same as the national average, with an index score of 99.2. Food prices are slightly lower at 95.4, but utilities and transportation costs are slightly higher than the national average at 107.5 and 111 respectively. Overall, Iowa City provides a reasonable cost of living that is close to the US national average.