Cost of Living in Story County, Iowa
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Story County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Story County, Iowa
Story County renters face affordability squeeze
Story County renters spend 17.7% of income on housing—the highest burden documented here—versus the national average of 14.1%. At $1,019 monthly, median rent reflects the county's college-town dynamics and limited rental supply relative to demand.
Iowa's most expensive rental market
Story County's 17.7% rent-to-income ratio significantly exceeds Iowa's 14.1% average, making it the least affordable county in this survey. Median rent of $1,019 towers $207 above Iowa's typical, driven by Iowa State University's presence and concentrated student housing demand.
College town pricing pattern
Story County's $1,019 rent far exceeds nearby Sac County ($643) and Tama County ($865), with home values of $243,600 also topping regional peers. The college-town premium reflects unique demand dynamics that distinguish Story from surrounding agricultural counties.
Housing consumes largest income share
On $69,006 median income, Story County residents dedicate 17.7% to rent or 21.6% to mortgage payments—the highest allocations in this analysis. This leaves considerably less for other expenses, creating financial strain compared to state and national averages.
Story County demands careful budgeting
Consider Story County only if job opportunities justify the housing cost premium—roughly one-fifth of income versus the state average of 14%. The trade-off: access to Iowa State jobs and amenities comes with genuine affordability challenge that requires strategic household budgeting.
Affordability Calculator
See how your income compares to housing costs in Story County
Rent Burden
17.7%
of gross income
Max Housing (28% Rule)
$1,610
per month
Owner Cost Burden
21.7%
of gross income
The median home in Story County may be a stretch
Median home value is $243,600. Estimated monthly cost: $1,945 vs. your max of $1,610.
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.