Cost of Living in Wayne County, Iowa

$660/mo
Median Monthly Rent
$102,300
Median Home Value
19% below state averageUnaffordable

At a Glance

Median Monthly Rent
$660/mo
19% below state average
Median Home Value
$102,300
64% below national
Rent-to-Income Ratio
23.0%
% 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 Wayne County Compares

Median monthly rent comparison

Wayne County$660/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$660/mo
Median Gross Rent
$102,300
Median Home Value
$737/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Wayne County, Iowa

Wayne offers exceptional rental affordability

Wayne County residents spend just 13.4% of household income on rent—among the best affordability metrics in the nation and well below Iowa's 14.1% state average. At $660 monthly, Wayne's rents are $152 cheaper than the state median, delivering genuine value.

Wayne ranks among Iowa's most affordable

Wayne County's 13.4% rent-to-income ratio places it in Iowa's top tier for affordability, competing with the state's most budget-friendly counties. This ranking reflects both modest rents and a tight-knit community where housing remains genuinely accessible.

Cheapest rents in the southeast Iowa region

Wayne's $660 monthly rent is the lowest in its cluster of counties—$26 cheaper than Van Buren, $176 below Wapello, and $202 below Warren. Combined with a median home value of just $102,300, Wayne delivers unmatched affordability for the region.

Minimal housing burden leaves room to breathe

Wayne households earning $59,118 annually spend $660 on rent, consuming just 13.4% of gross income and leaving over $4,800 yearly for other priorities. Homebuyers at $737 monthly similarly enjoy exceptional affordability, making Wayne attractive for budget-conscious families.

Wayne County: Iowa's affordability champion

If you're relocating to Iowa on a tight budget, Wayne County delivers the state's most affordable rents ($660) and entry-level home prices ($102,300). The county's 13.4% rent-to-income ratio means your paycheck stretches further here than nearly anywhere else in Iowa.

Affordability Calculator

See how your income compares to housing costs in Wayne County

$

Rent Burden

13.4%

of gross income

Max Housing (28% Rule)

$1,379

per month

Owner Cost Burden

15.0%

of gross income

You can likely afford the median home in Wayne County

Median home value is $102,300. Estimated monthly cost: $817 vs. your max of $1,379.

Rent Affordability Guide

Your rent-to-income ratio13.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wayne County, Iowa?
Wayne County, Iowa has a median monthly rent of $660/mo and a median home value of $102,300. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Wayne County?
The median gross rent in Wayne County is $660/mo. This is 19% below state average for Iowa.
Is Wayne County affordable?
Wayne County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Wayne County's rent compare to the state average?
Wayne County's median rent of $660/mo is 19% below state average of $812/mo for Iowa.
What is the median home value in Wayne County?
The median home value in Wayne County, Iowa is $102,300. This is 64% 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.