Housing costs in Rutland?
A typical home costs
$81,400, which is 75.9% less expensive than the national average of
$338,100 and 58.2% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Rutland 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 Rutland?
To live comfortably in Rutland (zip 50582), Iowa, a minimum annual income of
$15,480 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Rutland?
The cost of living in 50582 Rutland, IA is relatively low compared to other cities. The median home price in the area is only $101,800, and the median household income is $54,500. This means that homeowners can save money on their monthly mortgage payments while still having plenty of cash to cover other expenses. Groceries and other necessities are also very affordable, with prices being about 18% lower than the national average. In addition, there are no sales or income taxes charged in Rutland which helps keep costs down even further. All of these factors make it an attractive option for people who want to live in a small town without breaking the bank.