Housing costs in Lanesboro?
A typical home costs
$82,600, which is 75.6% less expensive than the national average of
$338,100 and 57.6% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Lanesboro costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$930.
Can I afford Lanesboro?
To live comfortably in Lanesboro (zip 51451), Iowa, a minimum annual income of
$15,840 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Lanesboro?
51451 Lanesboro, IA is an affordable place to live with a low cost of living overall. According to the US Census Bureau, the median household income is $45,000 and the median home value is $90,400. This means that residents can enjoy a comfortable lifestyle without having to break the bank. Other costs such as groceries and utilities are also modestly priced compared to other parts of the country, making Lanesboro an attractive place for retirees and young families alike. In addition, transportation costs are low as the town has excellent public transit options, and there are no parking fees or tolls in this rural area. All in all, 51451 Lanesboro offers a great quality of life at a very affordable price!