Housing costs in Panama?
A typical home costs
$191,900, which is 43.2% less expensive than the national average of
$338,100 and 1.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Panama costs
$860 per month, which is 39.9% cheaper than the national average of
$1,430 and 8.1% cheaper than the state average of
$930.
Can I afford Panama?
To live comfortably in Panama (zip 51562), Iowa, a minimum annual income of
$36,720 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Panama?
The cost of living in Panama, IA (51562) is generally very affordable. The median home value is around $87,000, making it a great option for those looking to live the American dream without breaking the bank. Renting is also economical in this Iowa town, with the median rent being around $700 per month. Groceries and other goods are also relatively affordable due to its remote location; compared to other areas of the country, Panama offers some of the lowest prices around. All in all, Panama is an excellent option for those looking to live comfortably on a budget.