Housing costs in Oelwein?
A typical home costs
$98,900, which is 70.7% less expensive than the national average of
$338,100 and 49.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Oelwein costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$930.
Can I afford Oelwein?
To live comfortably in Oelwein (zip 50662), Iowa, a minimum annual income of
$19,080 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Oelwein?
The cost of living in 50662 Oelwein, IA is relatively low compared to other parts of the United States. According to BestPlaces, the cost of living index for this city is 84.7. This index is significantly lower than the national average of 100, making Oelwein a great option for those looking for an affordable place to live. In terms of rent, it is reasonably priced with a one-bedroom apartment going for around $550 per month on average and three-bedroom apartments averaging at just over $750 per month. Groceries and other necessary items are also fairly priced, making it easy to keep expenses low while still maintaining a reasonable lifestyle.