Cost of Living in Hardin County, Iowa

$814/mo
Median Monthly Rent
$113,000
Median Home Value
0% above state averageUnaffordable

At a Glance

Median Monthly Rent
$814/mo
0% above state average
Median Home Value
$113,000
60% below national
Rent-to-Income Ratio
27.0%
% 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 Hardin County Compares

Median monthly rent comparison

Hardin County$814/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$814/mo
Median Gross Rent
$113,000
Median Home Value
$787/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Hardin County, Iowa

Renting stretches incomes in Hardin

Hardin County residents spend 15.1% of income on rent, topping the national average and placing housing costs in less comfortable territory. With a median household income of $64,906—nearly $10,000 below the national average—renters here pay $814 monthly, which adds pressure to already-tighter budgets.

Hardin lags behind Iowa on affordability

At 15.1%, Hardin County's rent-to-income ratio exceeds Iowa's state average of 14.1%, signaling it's less affordable than many neighboring counties. The median rent of $814 also tops the state average, making it one of Iowa's less budget-friendly rental markets.

Among the pricier options regionally

Hardin's $814 rent is the highest in this cluster, edging out Hancock ($784) and significantly outpacing Howard ($699) and Ida ($669). Homebuyers pay $787 monthly, which is competitive with neighbors, and median home values of $113,000 remain affordable despite rental pressures.

Rent eats into already-tight budgets

Hardin's median household income of $64,906 means a typical $814 rent payment consumes 15% of gross income before taxes, taxes, and other essentials. Homebuyers face similar strain with $787 monthly costs, leaving less cushion than the national 30% affordability standard would allow.

Consider Hardin if homeownership calls

For renters, Hardin's 15.1% ratio signals affordability challenges, but homebuyers may find relief with lower mortgage costs relative to income. If you're ready to buy, Hardin's $113,000 median home price and $787 monthly payment could offer a path out of tight rental markets.

Affordability Calculator

See how your income compares to housing costs in Hardin County

$

Rent Burden

15.0%

of gross income

Max Housing (28% Rule)

$1,514

per month

Owner Cost Burden

14.6%

of gross income

You can likely afford the median home in Hardin County

Median home value is $113,000. Estimated monthly cost: $902 vs. your max of $1,514.

Rent Affordability Guide

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

Frequently Asked Questions

What is the cost of living in Hardin County, Iowa?
Hardin County, Iowa has a median monthly rent of $814/mo and a median home value of $113,000. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Hardin County?
The median gross rent in Hardin County is $814/mo. This is 0% above state average for Iowa.
Is Hardin County affordable?
Hardin County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Hardin County's rent compare to the state average?
Hardin County's median rent of $814/mo is 0% above state average of $812/mo for Iowa.
What is the median home value in Hardin County?
The median home value in Hardin County, Iowa is $113,000. This is 60% 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.