Cost of Living in Beaverdale, IA

With a cost of living index of 87, Beaverdale, IA is a very affordable place to live. Living here is 13% cheaper than the national average and 16% above the Iowa state average of 71. Beaverdale is a small community of 905 residents.

Housing costs are the biggest factor in Beaverdale's cost of living. The median monthly rent is $1,369 (4% above the US median of $1,319), and the median home value sits at $171,200 (44% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Beaverdale is $66,000, which is 12% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.