Housing costs in Peru?
A typical home costs
$264,000, which is 21.9% less expensive than the national average of
$338,100 and 35.5% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Peru costs
$980 per month, which is 5.4% more than the national average of
$930 and 8.2% cheaper than the state average of
$1,060.
Can I afford Peru?
To live comfortably in Peru (zip 50222), Iowa, a minimum annual income of
$50,760 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Peru?
The cost of living in 50222 Peru, IA is generally quite affordable. According to an index compiled by the Council for Community and Economic Research, the cost of living in 50222 is 9.2% lower than the U.S. average. This makes it a great spot for individuals and families who are looking to stretch their budget further while still enjoying all the amenities that Iowa has to offer. The average price of housing here is quite low compared to other areas in the state, at just $95,200 for a three-bedroom home, and the median household income is $50,099 per year - both indicative of a more affordable lifestyle than many other areas in the country.