Cost of Living in Greene County, Iowa

$774/mo
Median Monthly Rent
$140,500
Median Home Value
5% below state averageUnaffordable

At a Glance

Median Monthly Rent
$774/mo
5% below state average
Median Home Value
$140,500
50% below national
Rent-to-Income Ratio
25.0%
% 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 Greene County Compares

Median monthly rent comparison

Greene County$774/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$774/mo
Median Gross Rent
$140,500
Median Home Value
$844/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Greene County, Iowa

Greene's housing burden exceeds national norm

Greene County residents spend 15.7% of income on rent, noticeably above the national average and approaching the threshold where housing affordability becomes strained. With median incomes of $59,159—below the national median—the burden falls heaviest on lower-earning households.

Above-average cost pressure in Iowa

Greene's 15.7% rent-to-income ratio exceeds Iowa's 14.1% state average, placing it among the state's less affordable counties. The county ranks in the upper tier of housing cost burden across Iowa.

Higher rents than most nearby counties

Greene's median rent of $774 ranks second-highest in the region, behind only Fayette County's $813, and substantially above Franklin ($649) and Floyd ($672). Combined with below-median incomes, Greene renters face greater affordability pressure than neighbors.

Housing takes a significant income share

Greene households earn $59,159 annually while spending $774 on rent or $844 on homeownership—consuming nearly 16% of income before other expenses. The median home value of $140,500 is relatively accessible, but renters here face tighter budgets.

Greene demands careful budget planning

If relocating to Greene County, ensure your income supports the 15.7% housing burden and higher rents than neighboring Franklin or Floyd. Consider exploring adjacent counties where your income stretches further.

Affordability Calculator

See how your income compares to housing costs in Greene County

$

Rent Burden

15.7%

of gross income

Max Housing (28% Rule)

$1,380

per month

Owner Cost Burden

17.1%

of gross income

You can likely afford the median home in Greene County

Median home value is $140,500. Estimated monthly cost: $1,122 vs. your max of $1,380.

Rent Affordability Guide

Your rent-to-income ratio15.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Greene County, Iowa?
Greene County, Iowa has a median monthly rent of $774/mo and a median home value of $140,500. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Greene County?
The median gross rent in Greene County is $774/mo. This is 5% below state average for Iowa.
Is Greene County affordable?
Greene County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Greene County's rent compare to the state average?
Greene County's median rent of $774/mo is 5% below state average of $812/mo for Iowa.
What is the median home value in Greene County?
The median home value in Greene County, Iowa is $140,500. This is 50% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.