Housing costs in Iowa City?
A typical home costs
$311,900, which is 7.7% less expensive than the national average of
$338,100 and 60.0% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Iowa City costs
$1,150 per month, which is 23.7% more than the national average of
$930 and 4.3% more than the state average of
$1,100.
Can I afford Iowa City?
To live comfortably in Iowa City (zip 52242), Iowa, a minimum annual income of
$59,760 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Iowa City?
The cost of living in 52242 Iowa City, IA is relatively high compared to some other cities in the region. According to Zillow, the median home value is just over $224,400 and the median price per square foot is about $174. This means that a typical homeowner will pay more for their home than in other nearby cities such as Davenport or Cedar Rapids. In addition, rent prices are also higher than average for the area with a median rent of about $1,200 per month. Utilities and transportation costs are also above average for Iowa City, making it an expensive place to live overall.