Cost of Living in Iron County, Wisconsin
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Iron County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Iron County, Wisconsin
Iron County: Wisconsin's housing bargain
Iron County stands out with a 13.0% rent-to-income ratio, well below both the national average and the 30% affordability threshold. At $640 monthly median rent, this far northern county offers some of Wisconsin's lowest housing costs while maintaining reasonable wages.
Cheapest rent in the comparison
Iron County ranks as the most affordable housing market among Wisconsin counties studied, with median rent of just $640—about 28% less than the state average of $891. Its 13.0% rent-to-income ratio ties with Iowa County for the state's best affordability.
Northern Wisconsin value champion
Iron County's $640 median rent significantly undercuts Jackson ($789), Juneau ($847), and Kewaunee ($839) counties. Median home values of $155,200 are the lowest in this comparison, making Iron County ideal for buyers prioritizing affordability over urban amenities.
Housing costs at a glance
With median household income at $59,058, renters spend $640 monthly (13.0% of income) while homeowners pay $738 (15.0% of income). Both percentages remain solidly below national affordability standards, leaving households money for other essentials.
Iron County: rural affordability champion
If you're relocating to escape high housing costs, Iron County's $640 rent and $155,200 home values are genuinely exceptional. You'll sacrifice urban services and job diversity but gain immediate relief on your monthly housing burden.
Affordability Calculator
See how your income compares to housing costs in Iron County
Rent Burden
13.0%
of gross income
Max Housing (28% Rule)
$1,378
per month
Owner Cost Burden
15.0%
of gross income
You can likely afford the median home in Iron County
Median home value is $155,200. Estimated monthly cost: $1,239 vs. your max of $1,378.
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.