Cost of Living in Thurman, IA

With a cost of living index of 80, Thurman, IA is a very affordable place to live. Living here is 20% cheaper than the national average and 9% above the Iowa state average of 71. Thurman is a small community of 197 residents.

Housing costs are the biggest factor in Thurman's cost of living. The median monthly rent is $1,322 (0% below the US median of $1,319), and the median home value sits at $103,100 (66% below the national median of $304,900). At current prices, the median home costs roughly 1.2x the median household income — well within traditional affordability guidelines.

The median household income in Thurman is $88,500, which is 18% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Thurman. The area sees an average annual temperature of 52.4°F, with summers averaging 76°F and winters around 27°F. Annual rainfall totals 31.9 inches spread over roughly 103 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.