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Cost of Living in North Liberty, IA

Population 21,125 · Census ACS 2020–2024 5-year estimates

Median rent$1,246
Median home value$303,800
Median household income$102,102

The median rent in North Liberty, IA is $1,246/month, 28% higher than the Iowa median and 12% lower than the U.S. median. The median home value is $303,800, 9% lower than the national median. Households earn a median of $102,102 a year, 36% higher than the state median.

Affordability

Rent as a share of median income: 14.6%
Income needed for median rent (30% rule): $49,840/yr
Home price-to-income ratio: 3.0×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,536/mo

Run your own numbers: mortgage calculator · hourly to salary

North Liberty vs. Iowa vs. U.S.

North LibertyIowaU.S.
Median rent$1,246$972$1,413
Median home value$303,800$208,000$332,700
Median household income$102,102$75,059$80,734
Homeownership rate66.9%71.7%65.2%
Bachelor's degree or higher54.5%31.4%35.7%
Poverty rate6.1%11.1%12.5%
Unemployment rate3.3%3.6%5.2%
Work from home16.3%11.3%15.1%
Median age31.738.638.9

FAQ

What is the average rent in North Liberty, IA?

The median gross rent in North Liberty, IA is $1,246 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in North Liberty, IA?

Using the common 30% rule, renting a median-priced home takes about $49,840 a year in gross income.

Is North Liberty, IA expensive to live in?

Rent there is 12% lower than the U.S. median, and the median home costs about 3.0 times the median household income.

Other cities in Iowa

Des Moines, IARent $1,090 · Income $65,932Cedar Rapids, IARent $967 · Income $70,424Davenport, IARent $978 · Income $66,200Sioux City, IARent $976 · Income $68,906Iowa City, IARent $1,094 · Income $58,546Ankeny, IARent $1,319 · Income $108,198

Cities with a similar cost of living

Independence, KYRent $1,250 · Income $102,361Okemos, MIRent $1,298 · Income $102,612Delaware, OHRent $1,286 · Income $99,786Strongsville, OHRent $1,302 · Income $103,253Raymore, MORent $1,303 · Income $104,447Menomonee Falls, WIRent $1,313 · Income $100,238

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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