Housing costs in Colfax?
A typical home costs
$180,200, which is 46.7% less expensive than the national average of
$338,100 and 7.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Colfax 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 Colfax?
To live comfortably in Colfax (zip 50054), Iowa, a minimum annual income of
$34,560 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Colfax?
The cost of living in 50054 Colfax, IA is relatively low compared to many other cities and towns in the United States. The median home value is estimated at $85,600, which is well below the national average of $184,700. Additionally, the median rent price for a one-bedroom unit is estimated at $460 per month, making housing costs very affordable. Other common expenses such as food and transportation are also quite inexpensive in this area. Overall, the cost of living in 50054 Colfax, IA can be considered very reasonable for people who want to live comfortably without breaking the bank.