MASON City, Iowa – A new report says apartment rentals in Mason Town are among the the very least expensive in the United States.

The Mason Town Area Chamber of Commerce suggests with an common month to month hire of $550, Mason Town ranked 3rd at the rear of Ponca City, Oklahoma ($502) and Kalamazoo, Michigan ($534). The regular fee for a identical-size apartment in Manhattan is $4,235.

But Mason City’s low ranking may perhaps not previous.

“Last month’s opening of The River, a 133-device housing advanced in Downtown Mason Metropolis, will effects long term studies,” states Chamber President Robin Anderson. “Despite the small rental fees cited in the examine, North Iowa carries on to experience from a absence of rental housing stock, which has impacted our region’s ability to recruit employees. The early occupancy price at The River is 60%, which confirms the have to have for workforce housing. Two-bed room models in The River begin at $925 per thirty day period.”

The new report works by using details collected for rental costs on a two-bedroom, 950 square foot equal apartments through Oct 2020.
On all round price of residing index dependent on housing, utilities, groceries, transportation, health treatment, and miscellaneous items and products and services, Mason Metropolis arrived in at 86.2, beneath the national average rating of 100. That is the cheapest rating in Iowa, below:

Burlington (86.5)
Des Moines (88.2)
Quad Metropolitan areas (89.8)
Dubuque (90.2)
Sioux Town (90.9)
Cedar Rapids (94.9)
Iowa City (97.2)
Ames (99.9).

For much more information and facts on the Expense of Dwelling Index Report, click on listed here.