Housing costs in Laurel?
A typical home costs
$156,500, which is 53.7% less expensive than the national average of
$338,100 and 19.7% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Laurel costs
$860 per month, which is 7.5% cheaper than the national average of
$930 and 2.3% more than the state average of
$840.
Can I afford Laurel?
To live comfortably in Laurel (zip 50141), Iowa, a minimum annual income of
$29,880 for a family, and
$26,400 for a single person is recommended.
What does A.I. say about Laurel?
The cost of living in 50141 Laurel, IA is considered to be slightly below the national average when compared to other cities and towns across the United States. Housing prices are very affordable, with median home values being between $90,000 and $105,000 depending on size and location. On top of that, groceries, healthcare, and utilities are all relatively inexpensive as well. Transportation costs are also quite low due to the town's close proximity to larger cities like Des Moines and Omaha. All in all, residents of 50141 Laurel, IA enjoy a comfortable standard of living at a very reasonable cost by U.S. standards.