Cost of Living in Monona 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 Monona County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Monona County ranks #1,311 of 3,142 counties for affordability (top 42%)
Sourced county brief
Monona County Median Home Values Estimated at $142,900
The median home value for owner-occupied units in Monona County was $142,900 during the 2020-2024 period. This value is $28,137 below the Iowa unweighted county mean of $171,037. Median selected monthly owner costs for all owner-occupied households were $755, which is lower than the state unweighted county mean of $950. Among renters, the official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 26.4%, differing from the state unweighted county mean by 1.0 percentage point. The median gross rent was $855 per month, exceeding the state unweighted county mean of $832. Renter-household median income was $52,569. This data represents a statistical snapshot of housing and income metrics from the U.S. Census Bureau. 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: Monona County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.4% of renter household income in Monona 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 $855 per month; median selected monthly owner costs are $755. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $34,200 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. Monona County's $855 median is 2.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Monona County
Rent Burden
15.0%
of gross income
Max Housing (28% Rule)
$1,595
per month
Owner Cost Burden
13.3%
of gross income
You can likely afford the median home in Monona County
Median home value is $142,900. Estimated monthly cost: $1,141 vs. your max of $1,595.
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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