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The Best And Worst States To Retire In 2023, Ranked

Savings Corner

At the same time, inflation has rocked Americans’ wallets over the last two years, leaving many feeling behind on their retirement and looking for ways to stretch their savings. Lower housing costs also helped prop the Hawkeye state up to the No. Homeowners insurance in Iowa is also below the national average.

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Homes Still at Unaffordable Highs Despite Settling Prices

Savings Corner

The median home price in the United States is $335,000 in the fourth quarter of 2023, which requires a wage of $86,404 per year to be affordable. This assumes a $67,000 down payment and a $268,000 loan, to allow wage earners not to spend more than 28% of their pay on mortgages, property taxes, and insurance.

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