Housing costs in Carter Lake?
A typical home costs
$157,900, which is 53.3% less expensive than the national average of
$338,100 and 19.0% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Carter Lake costs
$1,140 per month, which is 20.3% cheaper than the national average of
$1,430 and 18.4% more than the state average of
$930.
Can I afford Carter Lake?
To live comfortably in Carter Lake, Iowa, a minimum annual income of
$30,240 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Carter Lake?
Carter Lake, IA has a relatively low cost of living compared to the national average. The overall cost of living index for the city is 86.6, which is 14.4% lower than the U.S. average. Transportation costs in Carter Lake are also lower than the national average, with an index score of 85.8, making it an ideal city for those who live or work there and need to commute on a regular basis. In addition to transportation costs, housing expenses are also below the national average with an index score of 79.9, making it an affordable place to live for people looking for more affordable housing options than other areas of Iowa and around the country.