Housing costs in Carter Lake?
A typical home costs
$161,600, which is 52.2% less expensive than the national average of
$338,100 and 17.1% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Carter Lake costs
$1,110 per month, which is 19.4% more than the national average of
$930 and 2.7% more than the state average of
$1,080.
Can I afford Carter Lake?
To live comfortably in Carter Lake (zip 51510), Iowa, a minimum annual income of
$30,960 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Carter Lake?
51510 Carter Lake, IA has a relatively affordable cost of living compared to other parts of the United States. According to the Council for Community and Economic Research, the overall cost of living index in 51510 is 88.6, which is 11.4% lower than the US average. In particular, residents in Carter Lake enjoy relatively low housing costs and healthcare costs. Housing costs are an estimated 6.2% lower than the national average, while healthcare costs are 8.9% lower than the national average. Grocery items and utilities also tend to be slightly cheaper than elsewhere in the country, making 51510 Carter Lake a great place to live if you're looking for a budget-friendly option.