Housing costs in Mingo?
A typical home costs
$236,600, which is 30.0% less expensive than the national average of
$338,100 and 21.4% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Mingo costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and 9.4% cheaper than the state average of
$930.
Can I afford Mingo?
To live comfortably in Mingo (zip 50168), Iowa, a minimum annual income of
$45,360 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Mingo?
The cost of living in 50168 Mingo, IA is relatively low compared to the national average. According to BestPlaces, the cost of living index for Mingo is at an estimated 82.42, which is 18% lower than the U.S. average of 100. This means that basic goods and services such as groceries, transportation, healthcare, and utilities are less expensive than in other parts of the country. The median list price for homes in Mingo is around $179,000 USD, which is significantly lower than the national median list price of $288,000 USD. In addition to this affordable housing market, the overall tax burden for residents is below average with no state income tax or franchise tax levied on residents or businesses. All these factors combine to make 50168 Mingo a great place to live with an attractive cost of living.