Housing costs in Mingo?
A typical home costs
$232,700, which is 31.2% less expensive than the national average of
$338,100 and 19.4% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Mingo costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 13.4% cheaper than the state average of
$930.
Can I afford Mingo?
To live comfortably in Mingo, Iowa, a minimum annual income of
$44,640 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Mingo?
Mingo, IA boasts one of the lowest cost of living in the nation. With housing prices at a median rate of just over $75,000 and an overall cost of living index at an impressive 82.4%, Mingo offers its residents a great opportunity to save on essential costs such as housing, food, and transportation. In terms of taxes, Mingo has very low income tax rates with no sales tax which makes it an ideal place for people on fixed incomes or those looking to live on a budget. Additionally, Mingo has plenty of activities and events to enjoy without spending too much money. All in all, Mingo is a great place to live for people looking for an affordable lifestyle.