Cost of Living in Iowa County, Iowa

$722/mo
Median Monthly Rent
$189,800
Median Home Value
11% below state averageUnaffordable

At a Glance

Median Monthly Rent
$722/mo
11% below state average
Median Home Value
$189,800
33% 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 Iowa County Compares

Median monthly rent comparison

Iowa County$722/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$722/mo
Median Gross Rent
$189,800
Median Home Value
$1,121/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Iowa County, Iowa

Iowa County renters get great deals

Iowa County renters spend just 12.0% of income on housing, among the nation's best affordability rates and well below national averages. With a median household income of $72,185 and median rent of $722, this county delivers solid financial flexibility for working families.

Best renter affordability in Iowa

At 12.0%, Iowa County's rent-to-income ratio is the lowest among all eight counties analyzed and significantly below Iowa's 14.1% state average. The $722 median rent is just $90 below the state average, making renters here particularly well-positioned.

Excellence in renting, premium in buying

Iowa County's $722 rent ranks second-cheapest regionally behind Ida, yet its $189,800 median home value is the highest, reflecting a county of renters and affluent owners. The $1,121 monthly mortgage is steep, suggesting this county suits renters more than stretched homebuyers.

Renters enjoy luxury; buyers pay premium

Iowa County's $72,185 median income makes the $722 rent a comfortable 12.0%, but homebuyers face a challenging 18.6% with $1,121 monthly costs. This county's strength lies in renting, not ownership, marking it as unusual in Iowa's affordability landscape.

Ideal if you plan to rent long-term

Iowa County is perfect for renters seeking excellent affordability and likely for professionals with higher incomes considering eventual purchase. If you're relocating without plans to buy immediately, this county offers some of Iowa's best rental economics.

Affordability Calculator

See how your income compares to housing costs in Iowa County

$

Rent Burden

12.0%

of gross income

Max Housing (28% Rule)

$1,684

per month

Owner Cost Burden

18.6%

of gross income

You can likely afford the median home in Iowa County

Median home value is $189,800. Estimated monthly cost: $1,515 vs. your max of $1,684.

Rent Affordability Guide

Your rent-to-income ratio12.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Iowa County, Iowa?
Iowa County, Iowa has a median monthly rent of $722/mo and a median home value of $189,800. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Iowa County?
The median gross rent in Iowa County is $722/mo. This is 11% below state average for Iowa.
Is Iowa County affordable?
Iowa 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 Iowa County's rent compare to the state average?
Iowa County's median rent of $722/mo is 11% below state average of $812/mo for Iowa.
What is the median home value in Iowa County?
The median home value in Iowa County, Iowa is $189,800. This is 33% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Iowa 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 Iowa 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.