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Cost of Living in Polk County, IA

Population 503,175 · Census ACS 2020–2024 5-year estimates

Median rent$1,149
Median home value$262,100
Median household income$83,576

The median rent in Polk County, IA is $1,149/month, 18% higher than the Iowa median and 19% lower than the U.S. median. The median home value is $262,100, 21% lower than the national median. Households earn a median of $83,576 a year, 11% higher than the state median.

Affordability

Rent as a share of median income: 16.5%
Income needed for median rent (30% rule): $45,960/yr
Home price-to-income ratio: 3.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,325/mo

Run your own numbers: mortgage calculator · hourly to salary

Polk County vs. Iowa vs. U.S.

Polk CountyIowaU.S.
Median rent$1,149$972$1,413
Median home value$262,100$208,000$332,700
Median household income$83,576$75,059$80,734
Homeownership rate67.4%71.7%65.2%
Bachelor's degree or higher40.3%31.4%35.7%
Poverty rate10.3%11.1%12.5%
Unemployment rate4.4%3.6%5.2%
Work from home15.7%11.3%15.1%
Median age36.238.638.9

FAQ

What is the average rent in Polk County, IA?

The median gross rent in Polk County, IA is $1,149 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $45,960 a year in gross income.

Is Polk County, IA expensive to live in?

Rent there is 19% lower than the U.S. median, and the median home costs about 3.1 times the median household income.

Other counties in Iowa

Linn 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 $102,379Woodbury County, IARent $981 · Income $73,658

Counties with a similar cost of living

Johnston County, NCRent $1,146 · Income $83,384Woodford County, KYRent $1,138 · Income $83,788Washington County, VTRent $1,163 · Income $83,449Ontario County, NYRent $1,150 · Income $82,324Randall County, TXRent $1,170 · Income $83,864Madison County, VARent $1,166 · Income $84,323

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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