Housing costs in Oto?
A typical home costs
$154,000, which is 54.5% less expensive than the national average of
$338,100 and 21.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Oto costs
$800 per month, which is 14.0% cheaper than the national average of
$930 and 16.3% cheaper than the state average of
$930.
Can I afford Oto?
To live comfortably in Oto (zip 51044), Iowa, a minimum annual income of
$29,520 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Oto?
Living in 51044 Oto, IA can be very affordable. The median home value in the area is just under $98,000, which is well below the national average. The median household income of around $73,000 makes it easy for locals to cover the cost of living expenses such as housing, utilities, transportation and food. Sales tax is relatively low at 6%, while the cost of groceries is slightly lower than the national average. Additionally, there are no additional state taxes or fees that are imposed on residents of this area. Overall, 51044 Oto, IA provides a good balance between affordability and quality of life.