Housing costs in Nichols?
A typical home costs
$163,000, 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 Nichols costs
$1,290 per month, which is 38.7% more than the national average of
$930 and 27.9% more than the state average of
$930.
Can I afford Nichols?
To live comfortably in Nichols (zip 52766), Iowa, a minimum annual income of
$31,320 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Nichols?
The cost of living in 52766 Nichols, IA is relatively low. According to the BestPlaces Livability Score, the city’s cost of living index is 77, which is lower than the national average. This makes it an attractive place to live for those looking for a budget-friendly option. Housing costs in particular are very affordable, with a median home value of just $113,200. Meanwhile, transportation costs are very low due to having more than one major highway running through the city and being within close proximity to two international airports. The median household income is around $54,937 per year which gives residents plenty of economic stability during their time living here. All these factors make 52766 Nichols, IA an ideal place for anyone looking for an affordable place to live.