Here's what it costs to live in Iowa City, Iowa, based on the latest US government data. Renters pay a median of $1,094 per month, while the typical home is valued around $273,600. Households earn a median of $57,533 per year, leaving rent at a manageable share of income for many residents. The figures below cover housing, local wages by occupation, demographics, and air quality, all drawn from the US Census Bureau, BEA, HUD, and EPA.
Median Household Income
$57,533
Annual · Census ACS
Median Gross Rent
$1,094
Per month · Census ACS
Median Home Value
$273,600
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$880
HUD Fair Market Rent
1BR Fair Market Rent
$961
HUD FMR
2BR Fair Market Rent
$1,141
HUD FMR
3BR Fair Market Rent
$1,587
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
State Income Tax
5.70%
Top marginal rate
State Sales Tax
6.00%
Statewide base rate (local add-ons may apply)
Source: Tax Foundation (2024)
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
75,264
Latest estimate
Median Age
26.3 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
What is the cost of living index for Iowa City?
The cost of living index for Iowa City is not yet available in our database.
What is the median rent in Iowa City?
The median gross rent in Iowa City is $1,094 per month according to US Census ACS data.
What is the median household income in Iowa City?
The median household income in Iowa City is $57,533 per year.
What is the median home value in Iowa City?
The median home value in Iowa City is $273,600 based on the latest Census ACS survey.
How is the air quality in Iowa City?
Air quality data for Iowa City is not yet available.
What are the taxes like in Iowa City?
Iowa has a top state income tax rate of 5.70% and a statewide sales tax of 6.00% (local rates may add to this). Source: Tax Foundation, 2024.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology