Cost of Living in Wright County, Iowa

$788/mo
Median Monthly Rent
$109,800
Median Home Value
3% below state averageUnaffordable

At a Glance

Median Monthly Rent
$788/mo
3% below state average
Median Home Value
$109,800
61% below national
Rent-to-Income Ratio
25.0%
% 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 Wright County Compares

Median monthly rent comparison

Wright County$788/mo
Iowa Average$812/mo
National Median$1,163/mo

Detailed Housing Stats

$788/mo
Median Gross Rent
$109,800
Median Home Value
$716/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Wright County, Iowa

Wright County rents align with national trends

Wright County renters spend 14.8% of their income on rent, nearly matching the national average of roughly 15%. However, the county's median household income of $64,033 trails the national median of $74,755 by over $10,000, meaning residents earn less while paying proportionally similar housing costs.

Slightly below state average for rent burden

Wright County's 14.8% rent-to-income ratio sits just below Iowa's state average of 14.1%, placing it in the middle of the three counties. With median rent at $788, the county runs $24 above the state median of $812, reflecting moderate housing demand.

Middle ground between Worth and Woodbury

Wright County's $788 rent falls between Worth's $703 and Woodbury's $946, while its $64,033 income is the lowest of the three. Despite the lowest earnings, Wright County's modest housing costs and lowest median home value ($109,800) keep affordability manageable.

Lowest earners, lowest housing prices

Wright County renters pay $788 monthly while homeowners spend $716 on properties valued at just $109,800—the region's most affordable homes. With median income at $64,033, housing consumes roughly 15% of gross income for renters, but the low home values create strong ownership opportunities.

Best homebuying opportunity for budget buyers

Wright County's $109,800 median home value and $716 monthly owner costs offer the most accessible path to homeownership in the region, especially for lower-income households. If building equity matters more than renting flexibility, Wright County's affordable properties and modest ongoing costs make it worth serious consideration.

Affordability Calculator

See how your income compares to housing costs in Wright County

$

Rent Burden

14.8%

of gross income

Max Housing (28% Rule)

$1,494

per month

Owner Cost Burden

13.4%

of gross income

You can likely afford the median home in Wright County

Median home value is $109,800. Estimated monthly cost: $877 vs. your max of $1,494.

Rent Affordability Guide

Your rent-to-income ratio14.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Wright County, Iowa?
Wright County, Iowa has a median monthly rent of $788/mo and a median home value of $109,800. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Wright County?
The median gross rent in Wright County is $788/mo. This is 3% below state average for Iowa.
Is Wright County affordable?
Wright County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Wright County's rent compare to the state average?
Wright County's median rent of $788/mo is 3% below state average of $812/mo for Iowa.
What is the median home value in Wright County?
The median home value in Wright County, Iowa is $109,800. This is 61% 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.