Cost of Living in Waukon, IA

Population 3,796 · Iowa · Data vintage 2023

48
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Waukon is a smaller Iowa community of around 4000 residents, where median household incomes of $56,250 and housing costs ($134,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.

Located 70 miles southeast of Rochester, Waukon is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 53% lower than Rochester's $288,000.

Cost Overview

Housing 44
Rent 55

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Waukon

The median home value in Waukon is $133,700 — 56% below the national median of $305,000. Median rent runs $719/month, 45% lower than the national median of $1,314/month. The median household income of $56,250/year is 25% lower than the US median of $74,580. The local unemployment rate is 5.4%, above the national average of 4.8%. Iowa's top state income tax rate is 5.7% and the combined sales tax is 6.9%. Overall, Waukon has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.

🏠 Housing

Median Home Value
$133,700
56% below avg
Zillow Home Value
$157,298
Zillow ZHVI
Median Rent
$719/mo
45% below avg
Price-to-Rent Ratio
15.5x
Favors buying
Property Tax Rate
1.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$646
1 BR
$716
2 BR
$877
3 BR
$1,170
4 BR
$1,287
Owner-occupied 75.1%
Renter-occupied 24.9%

💰 Estimated Monthly Budget

Rent median rent
$719
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,333/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
19.5 min
28% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.9%

Commute Mode

Drove alone
74.9%
Carpooled
9.1%
Walked
6.8%
Work from home
7.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.7%
Total Sales Tax 6.9%
State rate 6.0%
Avg local rate 0.9%
Property Tax 1.6%

💼 Income & Employment

Median Household Income
$56,250
25% below avg
Per Capita Income
$32,595
Unemployment Rate
5.4%
12% above avg
Poverty Rate
11.8%
Labor Force Participation
62.3%

🎓 Education

Bachelor's degree+ 13.0%
Graduate degree 8.0%

👥 Demographics

Median Age 42.5
Male median age 40.1
Female median age 46

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
14.8:1
Student-teacher ratio
4
Public schools
1,152
Total enrollment

Frequently Asked Questions

What is the cost of living in Waukon, IA?

Waukon has a cost index of 48 (100 = national average). It is 52% below the national average.

What is average rent in Waukon, IA?

The median gross rent in Waukon is $719 per month based on 2023 Census data.

What is the average home price in Waukon?

The median home value in Waukon is $133,700 according to Zillow and Census data.

What is the median income in Waukon?

The median household income in Waukon is $56,250 per year (2023 ACS 5-year estimates).

What is the sales tax in Waukon, IA?

The combined state and local sales tax rate in Waukon is 6.9%. The Iowa state income tax top rate is 5.7%.

Is Waukon, IA affordable?

Yes, Waukon is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.

Waukon at a Glance

Population
3,796
Median Income
$56,250
Home Value
$133,700
Median Rent
$719/mo
Unemployment
5.4%
Sales Tax
6.9%
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Explore county-level cost of living data

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