Cost of Living in Wayne 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 Wayne County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wayne County ranks #632 of 3,142 counties for affordability (top 20%)
Sourced county brief
Wayne County Official Rent Burden at 22.1 Percent
In Wayne County, the official ACS B25071 gross rent as a percentage of household income (GRAPI) was 22.1%. This figure is 3.3 percentage points below the Iowa unweighted county mean official GRAPI of 25.4%. The median gross rent in the county was recorded at $659 per month, which is lower than the Iowa unweighted county mean of $832. For owner-occupied housing, the median selected monthly owner costs were $773, while the unweighted state county mean was $950. The median home value in Wayne County was estimated at $111,300, compared to the state unweighted county mean of $171,037. The median renter-household income was recorded as $37,500. These data points are snapshots from the American Community Survey 5-Year Estimates and represent the 2020-2024 period. 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: Wayne County
Affordability Verdict
ACS B25071 estimates median gross rent at 22.1% of renter household income in Wayne 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 $659 per month; median selected monthly owner costs are $773. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $26,360 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. Wayne County's $659 median is 20.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Wayne County
Rent Burden
12.8%
of gross income
Max Housing (28% Rule)
$1,446
per month
Owner Cost Burden
15.0%
of gross income
You can likely afford the median home in Wayne County
Median home value is $111,300. Estimated monthly cost: $889 vs. your max of $1,446.
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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