Executive Financial Report: Saint Lucas (52166)
Evaluating relocation options in Fayette? The financial baseline for residing in Saint Lucas, IA (52166) indicates that a single adult needs roughly $2,805 monthly to cover basic survival expenses.
With typical rent and housing utilities averaging an affordable $472 per month—just 17% of baseline expenses—Saint Lucas offers exceptionally competitive shelter costs compared to wider metropolitan averages across Iowa.
To maintain sustainable financial health in Saint Lucas (52166) using the popular 50/30/20 budgeting framework, your essential living expenses ($2,805/month) should not exceed 50% of your net take-home pay. Consequently, an individual needs a target gross annual salary of approximately $67,320 to cover necessities while building savings. On an hourly basis, working a standard 2,080-hour work year requires a minimum hourly living wage of $16.18/hour just to meet basic survival costs.
For a family of four (2 adults and 2 children), basic monthly expenditures in Saint Lucas increase to $5,980 per month ($71,760/year)—approximately 2.1x higher than the single-adult baseline. Childcare premiums and multi-bedroom housing represent the largest contributors to this family budget increase. Compared against the area median family income of $64,324, local wages provide a 1.91x coverage ratio relative to single-adult baseline expenses.
Commuting and transit expenses average $948 monthly in 52166, coupled with $430 in healthcare baselines. Tax obligations consume $443 monthly. Local tax structures remain a steady consideration for financial planning. Use our interactive tools below to adjust these benchmarks for your specific situation.