Housing costs in Marengo?
A typical home costs
$162,900, which is 51.8% less expensive than the national average of
$338,100 and 16.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Marengo costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 25.7% cheaper than the state average of
$930.
Can I afford Marengo?
To live comfortably in Marengo (zip 52301), Iowa, a minimum annual income of
$31,320 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Marengo?
The cost of living in 52301 Marengo, IA is relatively inexpensive. The median home price in the area is lower than the national average, making it a great place to buy a home. Additionally, groceries are significantly cheaper compared to other parts of the US. Sales tax rate is 7%, and there is no income tax, which helps keep costs low for residents. Utilities are also inexpensive, with electricity costing an average of 6 cents per kWh and natural gas costing an average of $1.07 per therm. All these factors make 52301 Marengo, IA a great option for those looking for a cost-effective place to live and work.