Housing costs in Iowa City?
A typical home costs
$294,300, which is 13.0% less expensive than the national average of
$338,100 and 51.0% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Iowa City costs
$1,250 per month, which is 34.4% more than the national average of
$930 and 12.0% more than the state average of
$1,100.
Can I afford Iowa City?
To live comfortably in Iowa City (zip 52245), Iowa, a minimum annual income of
$56,520 for a family, and
$40,800 for a single person is recommended.
What does A.I. say about Iowa City?
The cost of living in 52245 Iowa City, IA is marginally higher than the national average. According to BestPlaces.net, the estimated cost of living index in the area is 95.6 points, while the US average is 100 points. The median home price in this area is approximately $189,800 and housing costs are slightly above the national averages as well. Transportation costs for this city are lower than the national average due to its close proximity to many major highways. Grocery and utility costs in this area are comparable to other areas in Iowa, slightly above the US average but still quite affordable overall.