Cost of Living in Cerro Gordo County, Iowa

$840/mo
Median Monthly Rent
$154,100
Median Home Value
3% above state averageUnaffordable

At a Glance

Median Monthly Rent
$840/mo
3% above state average
Median Home Value
$154,100
45% below national
Rent-to-Income Ratio
23.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Cerro Gordo County Compares

Median monthly rent comparison

Cerro Gordo County$840/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$840/mo
Median Gross Rent
$154,100
Median Home Value
$886/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Cerro Gordo County, Iowa

Cerro Gordo rents creep above national norm

Renters here spend 15.4% of their income on housing, outpacing the national average of roughly 14.1%. While median household income of $65,537 trails the U.S. average of $74,755, housing costs haven't declined proportionally, squeezing local budgets.

Middle of the pack in Iowa affordability

Cerro Gordo's rent-to-income ratio of 15.4% puts it slightly above Iowa's state average of 14.1%, placing it in the less-affordable half of Iowa counties. At $840 monthly rent, it's $28 higher than the state median, reflecting stronger local demand.

Pricier than Crawford, cheaper than Clarke

Cerro Gordo's $840 rent sits between Crawford County's bargain $727 and Clarke County's steeper $836—positioning it as a moderate-cost option in north-central Iowa. Home values average $154,100, competitive with nearby counties but $10,000+ above Crawford's median.

Housing eats 15% of every paycheck

Monthly rent consumes $840 while homeowners pay $886, leaving most households with roughly 85% of income for other expenses. The median home value of $154,100 reflects a market that's solidly middle-class but tightening for lower-wage workers.

Considering Cerro Gordo? Compare carefully

If you're relocating to north-central Iowa, Cerro Gordo offers modest housing costs but not the deepest bargains in the region—Crawford and Cherokee counties rent $100+ cheaper. Run the numbers against your local salary to ensure housing won't crowd out savings and other priorities.

Affordability Calculator

See how your income compares to housing costs in Cerro Gordo County

$

Rent Burden

15.4%

of gross income

Max Housing (28% Rule)

$1,529

per month

Owner Cost Burden

16.2%

of gross income

You can likely afford the median home in Cerro Gordo County

Median home value is $154,100. Estimated monthly cost: $1,230 vs. your max of $1,529.

Rent Affordability Guide

Your rent-to-income ratio15.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Cerro Gordo County, Iowa?
Cerro Gordo County, Iowa has a median monthly rent of $840/mo and a median home value of $154,100. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Cerro Gordo County?
The median gross rent in Cerro Gordo County is $840/mo. This is 3% above state average for Iowa.
Is Cerro Gordo County affordable?
Cerro Gordo County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Cerro Gordo County's rent compare to the state average?
Cerro Gordo County's median rent of $840/mo is 3% above state average of $812/mo for Iowa.
What is the median home value in Cerro Gordo County?
The median home value in Cerro Gordo County, Iowa is $154,100. This is 45% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Cerro Gordo County, Iowa? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Cerro Gordo County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.