Housing costs in Menlo?
A typical home costs
$159,000, which is 53.0% less expensive than the national average of
$338,100 and 18.4% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Menlo costs
$870 per month, which is 6.5% cheaper than the national average of
$930 and 21.8% cheaper than the state average of
$1,060.
Can I afford Menlo?
To live comfortably in Menlo (zip 50164), Iowa, a minimum annual income of
$30,600 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Menlo?
The cost of living in Menlo, IA 50164 is relatively affordable. The median home value is estimated at around $67,000, making it a great option for those looking to purchase a first home or retire. The median household income in the area also sits at just under $50,000 which means that most residents can live comfortably without breaking the bank. Property taxes are low and the unemployment rate is low as well. All in all, Menlo makes for a great place to live with its low cost of living and high quality of life.