Housing costs in New Sharon?
A typical home costs
$167,100, which is 50.6% less expensive than the national average of
$338,100 and 14.3% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in New Sharon costs
$810 per month, which is 12.9% cheaper than the national average of
$930 and close to the state average of
$800.
Can I afford New Sharon?
To live comfortably in New Sharon (zip 50207), Iowa, a minimum annual income of
$32,040 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about New Sharon?
The cost of living in 50207 New Sharon, IA is relatively low compared to other areas in the United States. The median home value is around $90,000 and the median rent is approximately $700 per month. Utilities are also fairly affordable, with average electricity costs at about $100 a month. Groceries are also reasonably priced, with a typical grocery bill coming to around $300 per month. Overall, the cost of living in this area is quite reasonable and allows families to stretch their budgets for other necessities and even some luxuries.