Cost of Living in Poweshiek County, Iowa
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Poweshiek County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Poweshiek County, Iowa
Poweshiek rents eat into modest incomes
With a 16.0% rent-to-income ratio, Poweshiek County renters exceed the national average, spending $864 monthly against a median household income of $64,837—below both state and national medians. This combination creates meaningful housing affordability pressure for local renters.
Above-average rents, below-average incomes
Poweshiek County ranks among Iowa's least affordable counties, with a 16.0% rent-to-income ratio well above the state average of 14.1%. The high burden reflects above-average rents paired with below-average local incomes.
Higher rents in a rural county
Poweshiek County's $864 rent exceeds most rural neighbors—Palo Alto County ($599), Pocahontas County ($743), and Page County ($731)—but trails the metro-influenced Pottawattamie County ($970). The relatively high rural rent likely reflects its proximity to small college towns like Grinnell.
Ownership significantly more expensive
Renters pay $864 monthly while homeowners spend $1,060, with median home values at $184,200—creating a steep 23% ownership premium. Against the $64,837 median income, renters spend 16% while owners commit 19.7%—making renting substantially more accessible here.
Renters find better value than buyers
Relocating to Poweshiek County makes more sense for renters than homebuyers, as ownership costs consume nearly a fifth of median income. The county's college-town character and above-average rents suggest it appeals to transient populations rather than long-term homebuyers.
Affordability Calculator
See how your income compares to housing costs in Poweshiek County
Rent Burden
16.0%
of gross income
Max Housing (28% Rule)
$1,513
per month
Owner Cost Burden
19.6%
of gross income
You can likely afford the median home in Poweshiek County
Median home value is $184,200. Estimated monthly cost: $1,471 vs. your max of $1,513.
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.