Cost of Living in Churdan, IA

With a cost of living index of 67, Churdan, IA is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 4% below the Iowa state average of 71. Churdan is a small community of 473 residents.

Housing costs are the biggest factor in Churdan's cost of living. The median monthly rent is $967 (27% below the US median of $1,319), and the median home value sits at $71,400 (77% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Churdan is $72,500, which is 4% lower than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.