Housing costs in Larchwood?
A typical home costs
$255,400, which is 24.5% less expensive than the national average of
$338,100 and 31.0% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Larchwood costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and close to the state average of
$930.
Can I afford Larchwood?
To live comfortably in Larchwood (zip 51241), Iowa, a minimum annual income of
$48,960 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Larchwood?
The cost of living in 51241 Larchwood, IA is relatively low, with the median home value coming in at $136,700 and the median rental cost at just $792. The overall cost of living index for the area is 79.6 which is 19.4% lower than the national average. Furthermore, utilities like electricity and natural gas are 8% lower than the national average, making these essential services more affordable to residents. The housing market is also very affordable with a variety of options available for buyers and renters alike. In all, Larchwood offers an excellent quality of life on a budget.