Cost of Living in Promise City, IA
Population: 86 | Iowa
Promise City is 24% less expensive than the national average.
Cost of Living in Promise City, IA: What You Need to Know
With a cost of living index of 76, Promise City, IA is a very affordable place to live. Living here is 24% cheaper than the national average and 5% above the Iowa state average of 71. Promise City is a small community of 86 residents.
The median household income in Promise City is $41,406, which is 45% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Promise City. The area sees an average annual temperature of 51.6°F, with summers averaging 74°F and winters around 27°F. Annual rainfall totals 37.4 inches spread over roughly 109 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
- $41,406
- vs US Median ($75,149)
- -45%
Housing
- Median Home Value
- $52,800
- Median Monthly Housing Cost
- $396/mo
Climate in Promise City
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 33 | 38 | 51 | 63 | 72 | 82 | 85 | 84 | 77 | 64 | 50 | 38 |
| Avg °F | 24 | 29 | 41 | 52 | 62 | 72 | 76 | 74 | 66 | 54 | 40 | 29 |
| Low °F | 16 | 20 | 31 | 41 | 53 | 62 | 66 | 64 | 55 | 43 | 31 | 21 |
| Rain" | 1.0 | 1.4 | 2.2 | 4.3 | 5.1 | 4.8 | 4.1 | 4.4 | 3.7 | 2.8 | 2.1 | 1.5 |