Iowa city is an extremely affordable place to live!

Iowa City's cost of living compares favorably with other cities in the midwest. For residents relocating from some of the nation's largest cities, a pleasant surprise is in store when they find their money goes a bit further in a convenient setting like Iowa City.

A cost of living index compares the average cost of living in one city to another. 100 is the national average. Iowa City’s COL index = 93.

Here's how we compare with some of the bigger cities of the nation:

Our residents are certainly able to live comfortably in the Iowa City area. Many of us are able to own homes or townhouses, but if that's not what you're looking for, Iowa City also offers many affordable rentals. Here's how our residents break down:

64% Own their houses or townhomes
36% Rent homes, condos, apartments

$987/month: Average mortgage payment or rent

$167,909: Average price of a home for our residents

Other links:

• http://www.city-data.com/city/Coralville-Iowa.html
• http://money.cnn.com/magazines/moneymag/bplive/2006/snapshots/PL1938595.html