Housing costs in Malvern?
A typical home costs
$217,800, which is 35.6% less expensive than the national average of
$338,100 and 11.7% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Malvern costs
$1,040 per month, which is 11.8% more than the national average of
$930 and 3.8% cheaper than the state average of
$1,080.
Can I afford Malvern?
To live comfortably in Malvern (zip 51551), Iowa, a minimum annual income of
$41,760 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Malvern?
Living in 51551 Malvern, IA is relatively inexpensive. The median home cost in the area is around $93,800 and the average cost of renting a two bedroom apartment is around $650 per month. The cost of living in this area is 11% lower than the national average, making it a great location for those looking to save money. Gas prices are also reasonable—a gallon of gas usually costs about $2.17 on average—and there are many markets and restaurants nearby that offer reasonably priced goods and services. Overall, 51551 Malvern, IA offers a low cost of living that makes it an attractive place to live for those looking to stretch their budget.