Zip 50262 (Van Wert, IA) Cost of Living


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United States / Iowa / No Metro Area / Decatur County / Van Wert / Van Wert (zip 50262)
How much do I need to live in Van Wert, Iowa?
$1,260 / month
for a family, 76.7% less expensive than the national average A total of $15,120 for the year for a family.
$1,767 / month
for a single person, 62.9% less expensive than the national average A total of $21,200 for the year for a single person.

Van Wert cost of living score
73
Less expensive
27.0% lower
than the US average
8.9% lower
than the Iowa average
Van Wert (zip 50262), Iowa gets a BestPlaces Cost of Living score of 73, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 27.0% lower than the U.S. average and 8.9% higher than the average for Iowa.

Zip 50262 (Van Wert, IA)

Housing costs in Van Wert?
A typical home costs $79,800, which is 76.4% less expensive than the national average of $338,100 and 59.1% less expensive than the average Iowa home, at $194,900. Renting a two-bedroom unit in Van Wert 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 Van Wert?
To live comfortably in Van Wert (zip 50262), Iowa, a minimum annual income of $15,120 for a family, and $21,200 for a single person is recommended.

What does A.I. say about Van Wert?
The cost of living in 50262 Van Wert, IA is relatively low compared to other areas. The median home value is roughly $129,000, which is significantly lower than the national average. Additionally, the cost of groceries and health care are below the national average. This makes 50262 Van Wert, IA an attractive place to live for those looking for a cost-effective lifestyle. Other living expenses such as transportation and utilities are also typically less expensive than other cities in Iowa. Overall, this small city offers a great deal of affordability for individuals or families looking to live within their means.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesVan WertIowaUnited States
    Unlock80.1100.0
  92.7  Unlock100.0
    Unlock108.2100.0
  24.5  Unlock100.0
    Unlock$194,900$338,100
  104.9  Unlock100.0
    Unlock71.4100.0
  81.8  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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