Housing costs in Beaman?
A typical home costs
$159,700, which is 52.8% less expensive than the national average of
$338,100 and 18.1% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Beaman costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 5.7% cheaper than the state average of
$930.
Can I afford Beaman?
To live comfortably in Beaman, Iowa, a minimum annual income of
$30,600 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Beaman?
Beaman, IA is a small town that offers its residents a low cost of living. The median home value is $107,800 which is significantly lower than the national median of $220,100. The median family income is slightly lower than the national average at $62,171 compared to the national average of $68,703. With an unemployment rate of 3.2%, Beaman has one of the lowest unemployment rates in Iowa and job opportunities are plentiful for those looking for work in the area. Groceries, health care and utilities are all relatively inexpensive when comparing costs to nearby cities and towns. In addition, the cost of housing in Beaman is well below that of other parts of Iowa making it an attractive option for those seeking affordable living in a rural environment.