Zip 50577 (Renwick, IA) Cost of Living


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United States / Iowa / No Metro Area / Humboldt County / Renwick / Renwick (zip 50577)
How much do I need to live in Renwick, Iowa?
$1,470 / month
for a family, 72.8% less expensive than the national average A total of $17,640 for the year for a family.
$1,933 / month
for a single person, 59.5% less expensive than the national average A total of $23,200 for the year for a single person.

Renwick cost of living score
75.4
Less expensive
24.6% lower
than the US average
5.9% lower
than the Iowa average
Renwick (zip 50577), Iowa gets a BestPlaces Cost of Living score of 75.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.6% lower than the U.S. average and 5.9% higher than the average for Iowa.

Zip 50577 (Renwick, IA)

Housing costs in Renwick?
A typical home costs $91,400, which is 73.0% less expensive than the national average of $338,100 and 53.1% less expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Renwick costs $700 per month, which is 51.0% cheaper than the national average of $1,430 and 32.9% cheaper than the state average of $930.

Can I afford Renwick?
To live comfortably in Renwick (zip 50577), Iowa, a minimum annual income of $17,640 for a family, and $23,200 for a single person is recommended.

What does A.I. say about Renwick?
The cost of living in 50577 Renwick, IA is relatively low. According to Bestplacestolive.net, the cost of living index score for this area is 84.2, which is lower than the national average of 100. This means that living expenses such as food, housing, healthcare, and transportation costs are generally more affordable than other areas in the U.S. The median home price in 50577 Renwick, IA is $112,100, which is significantly less expensive than the national median price of $219,700. Additionally, the median household income for the area is $63,846 according to BestPlaces. Overall, living costs in 50577 Renwick are quite reasonable and may be a great option for those looking to save money while maintaining a comfortable quality of life.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesRenwickIowaUnited States
    Unlock80.1100.0
  91.5  Unlock100.0
    Unlock108.2100.0
  20.6  Unlock100.0
    Unlock$194,900$338,100
  92.4  Unlock100.0
    Unlock71.4100.0
  87.9  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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