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)
How Mitchell County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Mitchell County, Iowa
Mitchell County holds its ground nationally
Mitchell County renters dedicate 12.9% of income to housing costs, keeping pace with national affordability standards and remaining below the typical 15-20% threshold for housing stress. Though median income ($68,704) trails the national average of $74,755, the county's modest rent of $739 helps offset the income gap.
Among Iowa's more affordable counties
Mitchell County's rent-to-income ratio of 12.9% sits comfortably below Iowa's 14.1% state average, ranking it among the state's better housing markets. Median rent of $739 undercuts the state median by $73, providing renters with one of Iowa's cheapest entry points to housing.
Lowest rents in the eight-county region
Mitchell County renters pay just $739 monthly—the region's lowest rent—compared to $888 in Mills County and $795 in Monona County. This advantage is partly offset by lower median income ($68,704), but the savings on housing still provide meaningful monthly relief for working families.
Tight affordability for renters and buyers
Mitchell County renters spend 12.9% of their $68,704 median income on $739 monthly rent, while homebuyers invest $858 monthly on properties worth $164,100. Both pathways remain accessible, though homeownership offers modest monthly savings compared to renting in this county.
Budget-friendly entry point to Iowa living
Mitchell County is Iowa's bargain-hunting option: lowest rents in the region and genuine affordability for both renters and first-time home buyers. If cost of living is your priority, this county delivers housing prices significantly below state and national norms.
Affordability Calculator
See how your income compares to housing costs in Mitchell County
Rent Burden
12.9%
of gross income
Max Housing (28% Rule)
$1,603
per month
Owner Cost Burden
15.0%
of gross income
You can likely afford the median home in Mitchell County
Median home value is $164,100. Estimated monthly cost: $1,310 vs. your max of $1,603.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.