Zip 50851 (Lenox, IA) Cost of Living


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United States / Iowa / No Metro Area / Taylor County / Lenox / Lenox (zip 50851)
How much do I need to live in Lenox, Iowa?
$2,130 / month
for a family, 60.6% less expensive than the national average A total of $25,560 for the year for a family.
$2,100 / month
for a single person, 55.9% less expensive than the national average A total of $25,200 for the year for a single person.

Lenox cost of living score
73.1
Less expensive
26.9% lower
than the US average
8.7% lower
than the Iowa average
Lenox (zip 50851), Iowa gets a BestPlaces Cost of Living score of 73.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.9% lower than the U.S. average and 8.7% higher than the average for Iowa.

Zip 50851 (Lenox, IA)

Housing costs in Lenox?
A typical home costs $133,500, which is 60.5% less expensive than the national average of $338,100 and 31.5% less expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Lenox costs $830 per month, which is 42.0% cheaper than the national average of $1,430 and 12.0% cheaper than the state average of $930.

Can I afford Lenox?
To live comfortably in Lenox (zip 50851), Iowa, a minimum annual income of $25,560 for a family, and $25,200 for a single person is recommended.

What does A.I. say about Lenox?
Living in 50851 Lenox, IA is relatively affordable. The median home cost in the area is $75,000, which is much lower than the national average of $184,700. Additionally, the median monthly rent in Lenox is $659, which is a lot lower than the national average of $949. Other costs like food and utilities are also much lower than most other places in the United States. Overall, living in Lenox is quite affordable and offers many advantages to those seeking an inexpensive place to live.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesLenoxIowaUnited States
    Unlock80.1100.0
  93.8  Unlock100.0
    Unlock108.2100.0
  34.8  Unlock100.0
    Unlock$194,900$338,100
  99.0  Unlock100.0
    Unlock71.4100.0
  83.1  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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