Cost of Living in Mitchell County, Iowa
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Mitchell County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Mitchell County ranks #1,024 of 3,142 counties for affordability (top 33%)
Sourced county brief
Mitchell County Renter Housing Costs Median at 23.6% of Income
The official ACS B25071 median gross rent as a percentage of household income (GRAPI) in Mitchell County was 23.6% for the 2020-2024 estimates. This percentage is 1.8 percentage points below the Iowa unweighted county mean of 25.4%. The median gross rent was $738 per month, while the state unweighted county mean was $832. For homeowners, the median selected monthly owner costs were $851, which is below the Iowa unweighted county mean of $950. The median home value for owner-occupied units was $175,100, slightly above the state unweighted county mean of $171,037. Renter-household median income was estimated at $47,727 per year. These statistics provide a snapshot of housing costs relative to income during the 2020-2024 period without addressing future market changes. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Mitchell County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.6% of renter household income in Mitchell County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $738 per month; median selected monthly owner costs are $851. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $29,520 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Iowa unweighted mean of county median rents is $832 per month. Mitchell County's $738 median is 11.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Mitchell County
Rent Burden
12.4%
of gross income
Max Housing (28% Rule)
$1,665
per month
Owner Cost Burden
14.3%
of gross income
You can likely afford the median home in Mitchell County
Median home value is $175,100. Estimated monthly cost: $1,398 vs. your max of $1,665.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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