Cost of Living in Marshall County, Iowa

$860/mo
Median Monthly Rent
$134,100
Median Home Value

At a Glance

Median Monthly Rent
$860/mo
6% above state average
Median Home Value
$134,100
52% 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 Marshall County Compares

Median monthly rent comparison

Marshall County$860/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$860/mo
Median Gross Rent
$134,100
Median Home Value
$934/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Marshall County ranks #2,374 of 3,144 counties for affordability (bottom 24%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Marshall County, Iowa

Marshall's Rents Track with National

Marshall County renters spend 14.2% of their income on rent, essentially at the national average and just above Iowa's state average of 14.1%. With median income of $72,785 and median rent of $860, the county sits right on the border of affordability.

Slightly Above State Average

Marshall County's 14.2% rent-to-income ratio edges above Iowa's state average, while median rent of $860 exceeds the state average of $812 by $48. This positions Marshall in the mid-to-upper range of housing costs statewide.

Above Average for the Region

Marshall's $860 median rent ranks fifth among the eight counties, trailing only Linn ($915) and Madison ($938) but beating Lucas and Louisa significantly. Home values of $134,100 are modest, suggesting housing demand isn't driving premium prices.

Housing Consumes More Here

Marshall households earning $72,785 spend $860 on median rent (14.2% of income) or $934 on mortgages (15.4% of income). These ratios represent some of the tighter housing burdens in the region, leaving less discretionary income than neighboring counties.

Marshall Works for Budget-Conscious

If you're relocating to Iowa and prioritize affordability, Marshall County's moderate income and rents work better than Linn or Madison but offer less value than Louisa or Lucas. Visit to assess job markets and community fit, as housing costs alone don't tell the full story.

Cost of Living Advisory: Marshall County

Affordability Verdict

For renters in Marshall County, the market is affordable. Expect to pay around $860/month in gross rent, with 23.0% of renter households considered cost-burdened.

Rent vs. Own

At $860/month rent versus $934/month in owner costs, renting is roughly $74/month cheaper — a 8% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,400/year. For owner costs at the 28% rule, the required income is roughly $40,029/year. With a median household income of $72,785, most households can comfortably afford rent here. Notably, 23.0% of renter households in Marshall County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Within Iowa, Marshall County is less affordable than Linn County by roughly 6% ($860/mo vs $915/mo).

Affordability Calculator

See how your income compares to housing costs in Marshall County

$

Rent Burden

14.2%

of gross income

Max Housing (28% Rule)

$1,698

per month

Owner Cost Burden

15.4%

of gross income

You can likely afford the median home in Marshall County

Median home value is $134,100. Estimated monthly cost: $1,071 vs. your max of $1,698.

Rent Affordability Guide

Your rent-to-income ratio14.2%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,785Needed: $34,400
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,785Needed: $40,029
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $72,785Needed: $31,209

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

What is the cost of living in Marshall County, Iowa?
Marshall County, Iowa has a median monthly rent of $860/mo and a median home value of $134,100. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Marshall County?
The median gross rent in Marshall County is $860/mo. This is 6% above state average for Iowa.
Is Marshall County affordable?
Marshall 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 Marshall County's rent compare to the state average?
Marshall County's median rent of $860/mo is 6% above state average of $812/mo for Iowa.
What is the median home value in Marshall County?
The median home value in Marshall County, Iowa is $134,100. This is 52% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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

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