In this ultimate guide to the cost of living in Iowa, we will explore the best and cheapest places to live in the state. Iowa is a cozy Midwest state known for its rich agricultural heritage, warm towns, and picturesque fields. Whether you are a young professional, a growing family, or a retiree, Iowa offers a range of affordable cities that provide a high quality of life without straining finances.
In this guide, we will provide insights on living expenses, housing costs, and more for 2023, helping you make informed decisions about where to live in Iowa based on your budget and lifestyle.
Key Takeaways:
- Iowa offers a range of affordable cities with lower median home prices and reasonable household incomes.
- Factors contributing to the affordability of cities in Iowa include the cost of housing, utilities and transportation expenses, as well as groceries and everyday expenses.
- Waterloo, Davenport, Cedar Rapids, Sioux City, Council Bluffs, Des Moines, Dubuque, West Des Moines, and Iowa City are among the most affordable places to live in Iowa.
- Iowa’s affordable cities provide a high quality of life without breaking the bank.
- By considering the cost of living index, average cost of living in Iowa, and housing costs, you can find the best and cheapest places to live in the state.
Most Affordable Places to Live in Iowa
Finding an affordable place to live is important for many individuals and families. In this section, we will highlight the most affordable cities in Iowa based on factors such as median home sale price, average rent for a 1-bedroom apartment, and median household income. These cities offer a lower cost of living compared to the state average and are great options for those on a budget.
1. Waterloo
Waterloo is the most affordable place to live in Iowa. With a median home sale price of $145,000, average rent for a 1-bedroom apartment of $700, and a median household income of $46,942, Waterloo offers a low cost of living compared to other cities in Iowa. It is located about 55 miles from Cedar Rapids, making it a convenient option for those who want to enjoy a more affordable lifestyle while still having access to amenities in larger cities.
2. Davenport
Davenport is another affordable city in Iowa. With a median home sale price of $180,412, average rent for a 1-bedroom apartment of $1,040, and a median household income of $53,140, Davenport offers a cost-effective living option. It is located about 80 miles from Cedar Rapids, providing residents with access to amenities in larger cities while enjoying a lower cost of living.
3. Cedar Rapids
Cedar Rapids is a third affordable city in Iowa. With a median home sale price of $190,000, average rent for a 1-bedroom apartment of $765, and a median household income of $60,787, Cedar Rapids offers a reasonable cost of living. It is located about 130 miles from Des Moines, making it a great option for those who prefer a more affordable lifestyle with access to larger cities.
4. Sioux City
Sioux City is a slightly more expensive option compared to the previous cities mentioned. With a median home sale price of $194,120, average rent for a 1-bedroom apartment of $1,060, and a median household income of $53,140, Sioux City still offers an affordable cost of living. It is located about 100 miles from Omaha, Nebraska, providing residents with access to amenities in a neighboring state.
5. Council Bluffs
Council Bluffs is another affordable city in Iowa. With a median home sale price of $202,500, average rent for a 1-bedroom apartment of $1,275, and a median household income of $53,140, Council Bluffs offers a reasonable cost of living. It is located just 4 miles from Omaha, Nebraska, allowing residents to enjoy the amenities of both Council Bluffs and Omaha.
Affordable Places to Live in Iowa: Waterloo
If you’re looking for an affordable place to live in Iowa, Waterloo is a fantastic option. Not only does it offer a low cost of living, but it also provides access to amenities found in larger cities. With a median home sale price of $145,000 and an average rent of $700 for a 1-bedroom apartment, Waterloo is an excellent choice for individuals and families looking to save money.
Waterloo’s affordability is further highlighted by its median household income of $46,942, which allows residents to comfortably cover their living expenses. Whether you’re a young professional just starting your career or a retiree looking to stretch your retirement savings, Waterloo provides an accessible and budget-friendly lifestyle.
Located about 55 miles from Cedar Rapids, Waterloo offers the perfect balance between affordability and convenience. Residents can enjoy the benefits of living in a more affordable city while still having easy access to nearby employment opportunities, shopping centers, and recreational activities.
| Key Factors | Affordability Metrics |
|---|---|
| Median Home Sale Price | $145,000 |
| Average Rent for a 1-Bedroom Apartment | $700 |
| Median Household Income | $46,942 |
With its affordable cost of living and convenient location, Waterloo is a top choice for those looking to make the most of their budget without sacrificing quality of life. Whether you’re a first-time homebuyer or a renter, Waterloo provides affordable housing options that meet a variety of needs.
Experience all that Waterloo has to offer while enjoying the benefits of an affordable lifestyle.
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Waterloo offers an affordable cost of living and a welcoming community, making it a great place to call home.
Affordable Places to Live in Iowa: Davenport
Davenport is another affordable city in Iowa that offers a cost-effective living option. With a median home sale price of $180,412, average rent for a 1-bedroom apartment of $1,040, and a median household income of $53,140, Davenport provides residents with budget-friendly housing and living expenses. Located about 80 miles from Cedar Rapids, Davenport combines affordability with the convenience of nearby amenities in larger cities.
Cost of Living Breakdown in Davenport
| Category | Average Cost |
|---|---|
| Housing | $180,412 (Median Home Price) |
| Rent | $1,040 (Average Rent for a 1-Bedroom Apartment) |
| Household Income | $53,140 (Median Household Income) |
With its affordable housing options, Davenport is an attractive choice for individuals and families looking for an affordable place to call home in Iowa. The city offers a variety of amenities, including parks, restaurants, and cultural attractions, making it a well-rounded and enjoyable place to live.
Affordable Places to Live in Iowa: Cedar Rapids
Welcome to Cedar Rapids, a vibrant and affordable city nestled in the heart of Iowa. With its reasonable cost of living and array of amenities, Cedar Rapids offers an excellent quality of life for residents. Let’s take a closer look at why Cedar Rapids is a top choice for those seeking an affordable place to call home.
Reasonable Median Home Prices
One of the key factors contributing to the affordability of Cedar Rapids is its median home price. With a median home sale price of $190,000, prospective homeowners can find a range of housing options within their budget. Whether you’re looking for a charming single-family home or a cozy condominium, Cedar Rapids has something to offer.
Affordable Rent for Apartments
If you’re considering renting an apartment, Cedar Rapids also offers attractive options. The average rent for a 1-bedroom apartment is just $765, making it an affordable choice for singles, couples, and small families. With well-maintained apartment complexes and a variety of amenities, renting in Cedar Rapids provides comfort and convenience without breaking the bank.
Median Household Income
Cedar Rapids also boasts a healthy median household income of $60,787. This means that residents have the opportunity to enjoy a comfortable lifestyle while still keeping their living expenses manageable. The combination of reasonable housing costs and a solid income level makes Cedar Rapids an attractive place to live for individuals and families alike.
Amenities and Community
While affordability is a significant draw, Cedar Rapids offers more than just cost savings. The city is home to a vibrant arts and cultural scene, with numerous museums, galleries, and theaters to explore. Residents can also take advantage of the city’s beautiful parks, recreational facilities, and outdoor spaces. Additionally, Cedar Rapids is known for its strong sense of community, with friendly neighbors and a welcoming atmosphere.
Access to Larger Cities
Located about 130 miles from Des Moines, Cedar Rapids offers easy access to larger cities while still providing an affordable lifestyle. Whether you are seeking employment opportunities, healthcare facilities, or a broader range of entertainment options, the proximity to Des Moines allows residents to enjoy the best of both worlds.
Overall, Cedar Rapids is a fantastic choice for those looking for an affordable place to live in Iowa. With its reasonable cost of living, diverse housing options, and community-oriented atmosphere, Cedar Rapids offers residents a high quality of life without breaking the bank.
| Median Home Sale Price | Average Rent for a 1-Bedroom Apartment | Median Household Income |
|---|---|---|
| $190,000 | $765 | $60,787 |
Affordable Places to Live in Iowa: Sioux City
Sioux City is a slightly more expensive option compared to the previous cities mentioned. However, it still offers an affordable cost of living for residents. With a median home sale price of $194,120 and an average rent for a 1-bedroom apartment of $1,060, Sioux City provides housing options at a reasonable cost. The median household income in Sioux City is $53,140, allowing residents to comfortably afford their living expenses.
Located about 100 miles from Omaha, Nebraska, Sioux City offers residents access to amenities in both Iowa and the neighboring state. This convenient location provides opportunities for shopping, dining, and entertainment beyond what is available locally. Residents can enjoy a variety of recreational activities, cultural events, and a vibrant city atmosphere while still benefiting from the affordable cost of living in Iowa.
| Median Home Sale Price | $194,120 |
|---|---|
| Average Rent for a 1-Bedroom Apartment | $1,060 |
| Median Household Income | $53,140 |
Key Features of Living in Sioux City:
- Reasonable median home sale price
- Affordable rental rates
- Median household income allows for a comfortable lifestyle
- Convenient location with access to amenities in neighboring Omaha, Nebraska
Sioux City offers a balance between affordability and access to urban amenities, making it an attractive option for individuals and families looking for a budget-friendly place to live in Iowa.
Affordable Places to Live in Iowa: Council Bluffs
Council Bluffs is another affordable city in Iowa that offers a reasonable cost of living. With a median home sale price of $202,500, an average rent of $1,275 for a 1-bedroom apartment, and a median household income of $53,140, Council Bluffs provides a cost-effective living option for residents.
Located just 4 miles from Omaha, Nebraska, Council Bluffs presents an excellent opportunity for residents to enjoy the amenities of both cities. With its proximity to Omaha, residents have convenient access to job opportunities, shopping centers, entertainment venues, and more while still benefiting from Council Bluffs’ lower cost of living.
In Council Bluffs, you can experience the best of both worlds – the charm of a smaller Iowa city and the vibrancy of a neighboring metropolis. Whether you’re looking to raise a family, start a new career, or retire, Council Bluffs offers an inviting environment with affordable housing options and a range of amenities at your fingertips.
Experience the beauty of the Iowa landscape, take advantage of affordable living costs, and enjoy the benefits of a thriving neighboring city by choosing Council Bluffs as your next home.
The Benefits of Living in Council Bluffs
- Affordable housing options with a median home sale price of $202,500
- Lower cost of living compared to larger metropolitan areas
- Proximity to Omaha, Nebraska for additional job opportunities, entertainment, and amenities
- Access to beautiful natural surroundings and outdoor recreational activities
- A welcoming community with a small-town feel
“Council Bluffs offers an inviting environment with affordable housing options and a range of amenities at your fingertips.”
Whether you’re exploring the scenic Lewis and Clark Monument and Scenic Overlook, enjoying the array of outdoor activities at Lake Manawa State Park, or discovering the cultural attractions in the city, Council Bluffs provides a dynamic and affordable living experience.
Consider Council Bluffs, Iowa, as your affordable and idyllic destination where you can enjoy a comfortable lifestyle without compromising your budget.
Affordable Places to Live in Iowa: Des Moines
Des Moines, the capital city of Iowa, is also an affordable place to live. With a median home sale price of $208,000, average rent for a 1-bedroom apartment of $1,012, and a median household income of $54,843, Des Moines offers a cost-effective living option. It is located about 130 miles from Cedar Rapids, making it accessible for residents who want to enjoy a more affordable lifestyle.
If you’re looking for affordable housing in Iowa, Des Moines is a great choice. The median home price of $208,000 is significantly lower than the national average, allowing you to find a comfortable and affordable home within your budget. Whether you’re a young professional, a growing family, or a retiree, Des Moines offers a variety of housing options to suit your needs.
Not only is housing affordable in Des Moines, but the cost of living overall is lower compared to other major cities in the United States. The average rent for a 1-bedroom apartment is only $1,012, which is lower than the national average. This means that you can enjoy the convenience of living in a capital city without breaking the bank.
In addition to affordable housing and a lower cost of living, Des Moines also offers a median household income of $54,843. This means that the residents of Des Moines have a higher purchasing power and can enjoy a comfortable lifestyle within their means.
Des Moines is located about 130 miles from Cedar Rapids, providing residents with access to a larger city while still enjoying the affordability of Des Moines. This allows you to easily commute to Cedar Rapids for work or leisure activities, while still enjoying the benefits of living in a more affordable city.
In summary, Des Moines is an affordable place to live in Iowa, offering lower housing costs, a lower cost of living, and a reasonable median household income. Whether you’re looking to buy a home or rent an apartment, Des Moines provides a cost-effective living option for individuals and families. Its proximity to Cedar Rapids adds to its appeal, allowing for easy access to amenities in a larger city while enjoying the affordability of Des Moines.
Affordable Places to Live in Iowa: Dubuque
Dubuque is an affordable city in Iowa with a unique charm. The cost of living in Dubuque provides a cost-effective living option for residents. The median home price in Dubuque, Iowa is $237,500, making it an attractive destination for those looking to purchase a home without breaking the bank. The city offers a range of housing options to suit different needs and budgets, from charming historic homes to modern developments.
In addition to its affordable housing options, Dubuque also boasts a median household income of $54,938. This, combined with the lower cost of living, allows residents to enjoy a comfortable lifestyle while still being able to meet their financial goals.
Dubuque is located about 75 miles from Cedar Rapids, providing residents with access to amenities in larger cities while enjoying a lower cost of living. Whether it’s shopping, dining, or recreational activities, residents of Dubuque can easily explore what the nearby cities have to offer without having to worry about high living expenses.
With its picturesque landscapes, vibrant downtown area, and a strong sense of community, Dubuque offers a high quality of life at an affordable price. Residents can enjoy the charm of a small town while still having easy access to modern conveniences. Whether you’re starting a family, looking to retire, or seeking a change of scenery, Dubuque is a great place to call home.
Affordable Housing Options in Dubuque
If you’re considering a move to Dubuque, here are some affordable housing options currently available:
| Neighborhood | Median Home Price | Median Household Income |
|---|---|---|
| West End | $200,000 | $50,000 |
| North End | $180,000 | $45,000 |
| Millwork District | $225,000 | $60,000 |
| Asbury | $275,000 | $75,000 |
These are just a few examples of the affordable housing options available in Dubuque. Whether you’re looking for a cozy bungalow, a spacious family home, or a trendy downtown loft, Dubuque has something to offer for every budget and lifestyle.
Living in Dubuque allows you to enjoy all the benefits of an affordable cost of living while being surrounded by natural beauty and a welcoming community. It’s the perfect place to put down roots and create lasting memories.
Affordable Places to Live in Iowa: West Des Moines
When it comes to finding an affordable and comfortable place to live near Des Moines, West Des Moines is an excellent option to consider. This suburban city offers a cost-effective living environment with a range of amenities and a higher median household income than other cities in Iowa.
In West Des Moines, the median home sale price is $284,900, making it an attractive choice for those looking to buy a home. Additionally, the average rent for a 1-bedroom apartment is $1,085, providing affordable housing options for renters.
What sets West Des Moines apart is its thriving community and convenient location. Situated just 10 miles west of Des Moines, residents have easy access to the capital city’s offerings while enjoying a quieter suburban lifestyle. West Des Moines boasts excellent schools, well-maintained parks, and a wide range of shopping and dining options.
Why Choose West Des Moines?
Here are some key reasons why West Des Moines is a great place to live:
- Suburban charm: West Des Moines offers a peaceful and family-friendly atmosphere perfect for those who prefer a quieter lifestyle.
- Strong economy: The city’s booming economy and higher median household income make it an attractive destination for professionals and families.
- Amenities and entertainment: West Des Moines is home to numerous shopping centers, restaurants, and recreational facilities, ensuring residents have access to a wide range of entertainment options.
Embrace the affordability and charm of West Des Moines, where suburban living meets convenience and opportunity.
Living in West Des Moines provides the perfect balance between affordability, convenience, and quality of life. With its range of housing options, strong economy, and community amenities, this city offers a cost-effective living solution for individuals and families alike.
| Median Home Sale Price | Average Rent for a 1-Bedroom Apartment | Median Household Income |
|---|---|---|
| $284,900 | $1,085 | $74,159 |
Affordable Places to Live in Iowa: Iowa City
Iowa City, home to the University of Iowa, is an affordable place to live in Iowa. With a median home sale price of $294,900 and a median household income of $48,148, Iowa City offers a cost-effective living option. It is located about 30 miles from Cedar Rapids, providing residents with access to amenities in larger cities while enjoying a lower cost of living.
| Median Home Sale Price | Median Household Income | Distance from Cedar Rapids |
|---|---|---|
| $294,900 | $48,148 | 30 miles |
Factors Contributing to the Affordability of Cities in Iowa
When it comes to the affordability of cities in Iowa, several key factors come into play. These factors include the cost of housing, utilities and transportation expenses, as well as groceries and everyday living expenses. Fortunately, Iowa offers a range of affordable cities that allow residents to enjoy a higher quality of life without straining their finances.
Housing Costs:
Iowa cities typically provide a range of housing options to suit different budgets and preferences. Whether you’re in the market for a cozy apartment or a spacious family home, you’ll find more affordable options compared to national averages. This means that even on a modest income, you can find a comfortable place to call home without breaking the bank.
Utilities and Transportation Expenses:
Another factor contributing to the affordability of cities in Iowa is the lower cost of utilities and transportation expenses. From gas prices to public transportation fares, these costs tend to be more reasonable compared to other states. This can significantly impact your monthly budget, leaving you with more money to allocate towards other essential expenses or savings.
Groceries and Everyday Living Expenses:
Living costs extend beyond housing and transportation. Iowa’s cities also offer more reasonable expenses for groceries and everyday items, making it easier for residents to manage their budgets. Whether you’re shopping for groceries, clothing, or other everyday necessities, you’ll find that your money goes further in Iowa compared to the national average.
By considering these factors, it’s clear why Iowa is known for its affordable cities. The state’s lower cost of living index, average cost of living, and housing costs contribute to a more affordable lifestyle. With a range of housing options, lower utilities and transportation expenses, and reasonable everyday living costs, Iowa residents can enjoy a higher quality of life without straining their finances.
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Conclusion
Iowa is home to a variety of affordable cities that offer a high quality of life without straining your finances. Whether you are a young professional starting your career, a growing family looking for a safe and affordable place to raise your children, or a retiree seeking a comfortable retirement, Iowa has something to offer.
Waterloo, Davenport, Cedar Rapids, Sioux City, Council Bluffs, Des Moines, Dubuque, West Des Moines, Iowa City, and more are among the most affordable cities in Iowa. These cities provide lower median home prices and average rent for a 1-bedroom apartment compared to the state average. Moreover, the reasonable household incomes in these cities make it easier to manage your expenses without sacrificing your lifestyle.
The affordability of Iowa cities can be attributed to several factors, including the cost of housing, utilities, transportation, groceries, and everyday expenses. Iowa’s housing costs are comparatively lower than the national average, enabling residents to find affordable housing options. Additionally, lower utility costs and reasonable expenses for groceries and everyday items contribute to a lower overall cost of living.
So, whether you’re looking for the charm of a small town or the amenities of a larger city, Iowa’s affordable cities provide a welcoming and enriching lifestyle. Experience the warmth of the Midwest, the beauty of its landscapes, and the comfort of a cost-effective living in Iowa.
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Source Links
- https://admortgage.com/blog/top-10-affordable-cities-in-iowa/
- https://homeia.com/city-living-guide/most-affordable-places-to-live-in-iowa/
- https://www.redfin.com/blog/affordable-places-to-live-in-iowa/
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