Cost of Living in Polk County, Iowa

$1,113/mo
Median Monthly Rent
$248,400
Median Home Value
37% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,113/mo
37% above state average
Median Home Value
$248,400
12% below national
Rent-to-Income Ratio
27.0%
% 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 Polk County Compares

Median monthly rent comparison

Polk County$1,113/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$1,113/mo
Median Gross Rent
$248,400
Median Home Value
$1,409/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Polk County, Iowa

Iowa's urban core tests affordability limits

Polk County's 16.4% rent-to-income ratio exceeds the national average, placing it among the country's more expensive housing markets relative to local incomes. At $1,113 per month, median rents run 37% above the state average, reflecting the Des Moines metro's status as a regional economic hub.

Most expensive county in Iowa by far

Polk County tops all Iowa counties for housing costs as a share of income, with renters spending 16.4%—significantly above the state average of 14.1%. This reflects Des Moines' urban premium, where higher incomes ($81,621 median) still struggle to keep pace with rising rental and ownership costs.

Urban premium over surrounding counties

Polk County's $1,113 rent far exceeds rural neighbors like Poweshiek County ($864) and Pottawattamie County ($970), a 29–52% difference. The premium reflects metropolitan demand concentrated around Des Moines, creating a sharp affordability divide between the city and surrounding agricultural counties.

Ownership costs far exceed rent burden

Renters spend $1,113 monthly while homeowners pay $1,409—a $296 gap reflecting median home values of $248,400, the highest in the dataset. Combined with strong local incomes of $81,621, ownership consumes 20.7% of income for buyers, versus 16.4% for renters.

Urban opportunity with urban housing costs

Relocating professionals drawn to Des Moines' job market and amenities should budget carefully for housing, as Polk County rents and prices run well above Iowa averages. Renters may find better affordability in surrounding counties while commuting, but direct Des Moines living commands a premium.

Affordability Calculator

See how your income compares to housing costs in Polk County

$

Rent Burden

16.4%

of gross income

Max Housing (28% Rule)

$1,904

per month

Owner Cost Burden

20.7%

of gross income

The median home in Polk County may be a stretch

Median home value is $248,400. Estimated monthly cost: $1,983 vs. your max of $1,904.

Rent Affordability Guide

Your rent-to-income ratio16.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Polk County, Iowa?
Polk County, Iowa has a median monthly rent of $1,113/mo and a median home value of $248,400. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Polk County?
The median gross rent in Polk County is $1,113/mo. This is 37% above state average for Iowa.
Is Polk County affordable?
Polk County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Polk County's rent compare to the state average?
Polk County's median rent of $1,113/mo is 37% above state average of $812/mo for Iowa.
What is the median home value in Polk County?
The median home value in Polk County, Iowa is $248,400. This is 12% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.