Cost of Living in Homestead, IA
Population: 149 | Iowa
Homestead is 17% less expensive than the national average.
Cost of Living in Homestead, IA: What You Need to Know
With a cost of living index of 83, Homestead, IA is a very affordable place to live. Living here is 17% cheaper than the national average and 12% above the Iowa state average of 71. Homestead is a small community of 149 residents.
The median household income in Homestead is $82,969, which is 10% higher than the national median of $75,149.
Climate is another factor for anyone considering a move to Homestead. The area sees an average annual temperature of 48.3°F, with summers averaging 71°F and winters around 23°F. Annual rainfall totals 35.9 inches spread over roughly 113 days. Cold winters mean higher heating bills, an important cost-of-living consideration.
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.
Income
- Median Household Income
- $82,969
- vs US Median ($75,149)
- +10%
Housing
- Median Home Value
- $140,500
- Median Monthly Housing Cost
- $1,074/mo
Climate in Homestead
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 28 | 33 | 46 | 60 | 71 | 80 | 83 | 81 | 75 | 62 | 46 | 33 |
| Avg °F | 20 | 24 | 37 | 49 | 60 | 70 | 73 | 71 | 63 | 51 | 37 | 25 |
| Low °F | 11 | 16 | 27 | 38 | 50 | 60 | 63 | 60 | 52 | 40 | 28 | 17 |
| Rain" | 1.0 | 1.2 | 2.0 | 3.6 | 4.3 | 5.6 | 4.4 | 4.1 | 3.4 | 2.9 | 2.0 | 1.6 |