Housing costs in Madrid?
A typical home costs
$241,300, which is 28.6% less expensive than the national average of
$338,100 and 23.8% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Madrid costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 5.7% cheaper than the state average of
$930.
Can I afford Madrid?
To live comfortably in Madrid (zip 50156), Iowa, a minimum annual income of
$46,080 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Madrid?
The cost of living in 50156 Madrid, IA is quite affordable. The median home value is around $125,000, and the median household income is just over $50,000. This allows for a relatively low cost of living compared to other cities. The overall cost of goods and services is 8% below the national average, with housing costs being even lower. Despite these low costs, the city still offers plenty of amenities such as access to parks, museums, and recreation centers. Additionally, there are many great restaurants and shopping opportunities in town. Overall, 50156 Madrid is an excellent choice for those looking for an affordable place to live with all the perks of city life.