Housing costs in Derby?
A typical home costs
$67,600, which is 80.0% less expensive than the national average of
$338,100 and 65.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Derby costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 9.4% cheaper than the state average of
$930.
Can I afford Derby?
To live comfortably in Derby, Iowa, a minimum annual income of
$12,960 for a family, and
$25,600 for a single person is recommended.
What does A.I. say about Derby?
The cost of living in Derby, Iowa is relatively low compared to other parts of the country. The average cost of a one-bedroom apartment is $580 and groceries are also reasonably priced. According to BestPlaces, Derby has about 7.88% lower cost of living than the US average. The transportation costs are also quite affordable with an average price for gas at around $2.32 per gallon and public transportation costing only $1 per ride. All in all, Derby offers a great quality of life on a budget.