Housing costs in Newell?
A typical home costs
$137,400, which is 59.4% less expensive than the national average of
$338,100 and 29.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Newell costs
$780 per month, which is 45.5% cheaper than the national average of
$1,430 and 19.2% cheaper than the state average of
$930.
Can I afford Newell?
To live comfortably in Newell, Iowa, a minimum annual income of
$26,280 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Newell?
Newell, IA is a small but affordable town with a low cost of living. The median home value is around $78,000, and the average monthly rent for an apartment is approximately $650. The taxes are also very reasonable with an average cost of only 2.5% of income. In addition, the cost of groceries and other necessities is lower than in many nearby towns, making Newell and ideal place to live for those on a budget.