The Price We Pay to Live in Iowa

AVERAGE COST OF LIVING IN IOWA Compared to other states in the U.S., lowa is considered one of the most reasonably priced places to reside. So what is the average cost of living in lowa, and what expenses can homeowners in lowa anticipate? Here's the breakdown! lowa is the 9th cheapest state to live in the United States. %24 100 100 Living in lowa gives you more bang for your buck. The adjusted value of $100 in lowa is $111.73 vs. $85.32 in Hawaii! MORTGAGE PAYMENT Mortgage payments in lowa are among the lowest in the nation. HOMEOWNERS İNSURANCE Homeowners insurance protects you from disasters like: APPROXIMATE MORTGAGE PAYMENT IN IOWA: - PER MONTH': $900 THEFT - PER YEAR: $10,800 NATURAL DISASTERS PERSONAL INJURY FIRE APPROXIMATE COST OF HOMEOWNERS INSURANCE IN IOWA: - PER MONTH2: $61.20 - PER YEAR: $734 PROPERTY TAX Property taxes are based on the assessed value of your home. The more expensive your home, the more you have to pay in property taxes. The median property tax rate in lowa is 1.29%, and the average home value is $128,700.34 AVERAGE HOME VALUE IN IOWA: APPROXIMATE COST OF PROPERTY TAXES IN IOWA PER YEAR: $128,700 x 1.29% $1,660 UTILITIES APPROXIMATE UTILITY COSTS IN IOWA: WATERS *. $50 Residential electricity rates in lowa averaged $10.52 per kilowatt-hour (kWh) vs. $35.06 in Hawaii and $19.87 in ELECTRICS . $90 GAS *.. $60 WASTE REMOVAL... $15 Connecticut in 2014.9 - PER MONTH: $215 - PER YEAR: $2,580 ENERGY BILL ELECTRONICS BREAKDO WN 4% OTHER 11% HEATING 29% LIGHTING 12% APPLIANCES COOLING 13% 17% "Other" represents an array of household products, including stoves, ovens, microwaves, and small appliances like coffee makers and dehumidifiers. 10 WATER HEATING 14% GROCERIES APPROXIMATE COST OF GROCERIES IN IOWA: Grocery bills fluctuate a lot depending on the size of your family, as well as the age and gender of each member. - PER MONTH?: $650 - PER YEAR: $7,800 The following information is based on a family of four with two adults and two children: CABLE AND INTERNET Cable and internet prices fluctuate around the state and may be more expensive in rural areas. Middle-of-the-road packages average around $70 per month. 000 APPROXIMATE COST OF CABLE & INTERNET IN IOWA: - PER MONTH: $70 - PER YEAR: $840 JUST A FEW REASONS IOWA IS GREAT In addition to low-cost living, lowa boasts some of the best schools in the nation, beautiful parks, and loads of genuinely nice people. If you are looking to make the move to lowa, contact Cy Phillips at Space Simply today! Cy has experience working with both buyers and sellers located in other states and would be happy to assist with your transition. For a complete breakdown of these costs, visit SpaceSimply.com/lowaLiving space simply. SOURCES 1 usatoday.com/story/money/business/2014/09/07/wscs-10-least-expensive-states/15075077 2 valuepenguin.com/average-cost-of-homeowners-insurance 3 propertytax101.org/iowa/taxcalculator 4 zillow.com/ia/home-values/ 5 ciawa.com/faq.html#quest4 6 calc.myenergy.com/average-bill/iowa 7 extension.iasta 8 taxfoundation.org/blog/real-value-100-each-state 9 electricchoice.com/electricity-prices-by-state/ a.edu/foodsavings/page/what-you-should-spend 10 energystar.gov/index.cfm?c=products.pr_where_money %24