Cost of Living in Luana, IA
Housing
The housing market plays a significant role in determining the cost of living in Luana, IA.
- Housing Index: 94.2 / 100
- Median Home Price is: $147,000
- Average Rent (2 BR Apartment): $1132 per month
- Average Rent (2 BR House): $1230 per month
Considering the data for Luana, IA, the listed median home price of 147000 suggests an affordable real estate market compared to national averages. However, with a housing index of 94.2, it appears there may be some issues related to availability or demand. Notably, average rents for 2-bedroom apartments and houses stand at 1132 and 1230 respectively, indicating potential room for negotiation. Before making a decision, look into local job markets, amenities, and future development projects, as these factors greatly influence long-term investment value and lifestyle satisfaction.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Luana, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $221 per month
Living in Luana, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $221 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Luana is a financially viable option for your relocation.