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Cost of Living in Henry County, IA

Population 20,004 · Census ACS 2020–2024 5-year estimates

Median rent$820
Median home value$164,300
Median household income$67,436

The median rent in Henry County, IA is $820/month, 16% lower than the Iowa median and 42% lower than the U.S. median. The median home value is $164,300, 51% lower than the national median. Households earn a median of $67,436 a year, 10% lower than the state median.

Affordability

Rent as a share of median income: 14.6%
Income needed for median rent (30% rule): $32,800/yr
Home price-to-income ratio: 2.4×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $831/mo

Run your own numbers: mortgage calculator · hourly to salary

Henry County vs. Iowa vs. U.S.

Henry CountyIowaU.S.
Median rent$820$972$1,413
Median home value$164,300$208,000$332,700
Median household income$67,436$75,059$80,734
Homeownership rate74.1%71.7%65.2%
Bachelor's degree or higher23.0%31.4%35.7%
Poverty rate12.0%11.1%12.5%
Unemployment rate1.5%3.6%5.2%
Work from home7.0%11.3%15.1%
Median age41.138.638.9

FAQ

What is the average rent in Henry County, IA?

The median gross rent in Henry County, IA is $820 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $32,800 a year in gross income.

Is Henry County, IA expensive to live in?

Rent there is 42% 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

Clark County, WIRent $823 · Income $67,400Green Lake County, WIRent $818 · Income $68,196Paulding County, OHRent $812 · Income $67,731Shawano County, WIRent $821 · Income $66,479Grant County, WIRent $813 · Income $66,858Herkimer County, NYRent $823 · Income $68,515

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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