Cost of Living in Floyd County, Iowa
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Floyd County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Floyd County ranks #889 of 3,144 counties for affordability (top 28%)
Data Story
About Cost of Living in Floyd County, Iowa
Floyd County keeps housing costs lean
Floyd County's rent-to-income ratio of 12.5% sits comfortably below the national average, meaning renters here dedicate less income to housing than their counterparts nationwide. With a median rent of $672 and median household income of $64,500, Floyd strikes a favorable balance.
Among Iowa's most affordable counties
Floyd's 12.5% rent-to-income ratio ranks well below Iowa's 14.1% state average, placing it in the more affordable tier. The county delivers better housing affordability than most other Iowa communities.
Lowest rents in the regional cluster
Floyd County's median rent of $672 is the cheapest among nearby Fayette ($813), Greene ($774), and Fremont ($753) counties. Combined with strong median incomes of $64,500, Floyd offers exceptional housing value for the region.
Just 12.5% of income pays the rent
Floyd households earn a median of $64,500 annually while paying only $672 in monthly rent, leaving substantial income for other expenses. Homeowners pay $845 monthly, and the median home value of $133,300 remains accessible to local wage earners.
Floyd delivers affordability without compromise
If you're relocating to rural Iowa and affordability matters, Floyd County offers the strongest combination of low rents, decent wages, and fair home prices in this region. Your housing dollar stretches further here than in most neighboring counties.
Cost of Living Advisory: Floyd County
Affordability Verdict
For renters in Floyd County, the market is affordable. Expect to pay around $672/month in gross rent, with 25.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Floyd County pay $672/month on average, compared to $845/month for homeowners. This market favors renters by about 20%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $26,880/year. For owner costs at the 28% rule, the required income is roughly $36,214/year. With a median household income of $64,500, most households can comfortably afford rent here. Notably, 25.0% of renter households in Floyd County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Iowa, Floyd County is less affordable than Crawford County by roughly 8% ($672/mo vs $727/mo).
Affordability Calculator
See how your income compares to housing costs in Floyd County
Rent Burden
12.5%
of gross income
Max Housing (28% Rule)
$1,505
per month
Owner Cost Burden
15.7%
of gross income
You can likely afford the median home in Floyd County
Median home value is $133,300. Estimated monthly cost: $1,064 vs. your max of $1,505.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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