Counties › Iowa

Cost of Living in Cerro Gordo County, IA

Population 42,632 · Census ACS 2020–2024 5-year estimates

Median rent$850
Median home value$166,400
Median household income$68,189

The median rent in Cerro Gordo County, IA is $850/month, 13% lower than the Iowa median and 40% lower than the U.S. median. The median home value is $166,400, 50% lower than the national median. Households earn a median of $68,189 a year, 9% lower than the state median.

Affordability

Rent as a share of median income: 15.0%
Income needed for median rent (30% rule): $34,000/yr
Home price-to-income ratio: 2.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $841/mo

Run your own numbers: mortgage calculator · hourly to salary

Cerro Gordo County vs. Iowa vs. U.S.

Cerro Gordo CountyIowaU.S.
Median rent$850$972$1,413
Median home value$166,400$208,000$332,700
Median household income$68,189$75,059$80,734
Homeownership rate70.4%71.7%65.2%
Bachelor's degree or higher24.0%31.4%35.7%
Poverty rate10.6%11.1%12.5%
Unemployment rate2.6%3.6%5.2%
Work from home7.2%11.3%15.1%
Median age44.038.638.9

FAQ

What is the average rent in Cerro Gordo County, IA?

The median gross rent in Cerro Gordo County, IA is $850 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Cerro Gordo County, IA?

Using the common 30% rule, renting a median-priced home takes about $34,000 a year in gross income.

Is Cerro Gordo County, IA expensive to live in?

Rent there is 40% lower than the U.S. median, and the median home costs about 2.4 times the median household income.

Other counties in Iowa

Polk County, IARent $1,149 · Income $83,576Linn County, IARent $945 · Income $77,649Scott County, IARent $1,005 · Income $78,277Johnson County, IARent $1,122 · Income $74,935Black Hawk County, IARent $989 · Income $66,417Dallas County, IARent $1,311 · Income $102,379

Counties with a similar cost of living

Huron County, OHRent $848 · Income $67,878Vilas County, WIRent $847 · Income $68,431Custer County, NERent $853 · Income $67,906Daviess County, INRent $847 · Income $68,503Kalkaska County, MIRent $853 · Income $68,578Wood County, WIRent $856 · Income $67,989

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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