Cost of Living in Wright 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 Wright County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wright County ranks #1,037 of 3,142 counties for affordability (top 33%)
Sourced county brief
Wright County Median Home Value Estimated at $119,600
Median home value in Wright County was estimated at $119,600 according to the ACS 2020-2024 5-Year Estimates. This valuation is $51,437 below the Iowa unweighted county mean of $171,037. The median selected monthly owner costs for all owner-occupied units were $771, which differs from the state unweighted county mean of $950. In the rental sector, the median gross rent was $790 per month, below the Iowa unweighted county mean of $832. The official Gross Rent as a Percentage of Household Income (GRAPI) was 22.9%, a metric that is 2.5 percentage points lower than the state unweighted county mean of 25.4%. Renter-occupied households had a median income of $45,653. These figures provide a statistical overview of local housing expenditures for both renters and owners without adjustments for inflation or market volatility beyond the survey 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: Wright County
Affordability Verdict
ACS B25071 estimates median gross rent at 22.9% of renter household income in Wright 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 $790 per month; median selected monthly owner costs are $771. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $31,600 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. Wright County's $790 median is 5.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Wright County
Rent Burden
14.1%
of gross income
Max Housing (28% Rule)
$1,568
per month
Owner Cost Burden
13.8%
of gross income
You can likely afford the median home in Wright County
Median home value is $119,600. Estimated monthly cost: $955 vs. your max of $1,568.
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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