Housing costs in Melvin?
A typical home costs
$101,000, which is 70.1% less expensive than the national average of
$338,100 and 48.2% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Melvin costs
$690 per month, which is 51.7% cheaper than the national average of
$1,430 and 34.8% cheaper than the state average of
$930.
Can I afford Melvin?
To live comfortably in Melvin (zip 51350), Iowa, a minimum annual income of
$19,440 for a family, and
$21,600 for a single person is recommended.
What does A.I. say about Melvin?
The cost of living in 51350 Melvin, IA is generally quite affordable. The median home value is just under $100,000, and the median rent is around $850 per month. Taxes are also relatively low, with a combined sales tax rate of just 6%. Groceries and utilities tend to be cheaper than the national average, making it easier to get by on a lower budget. Additionally, there are plenty of job opportunities and local businesses, so overall Melvin offers an attractive quality of life for those who live there.