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Cost of Living in Floyd County

Is it better to rent or buy in Floyd County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$71,579
$741/mo

Median in area: $741

$146,023

Median in area: $146,023

$29,205

If you Rent

🔑
$994 /mo
Base Rent$741
Est. Utilities$253
% of Income16.7%
Pre-tax Residual$4,971

If you Buy

🏠
$1,286 /mo
P&I (7.309%)$802
Taxes & Ins$231
Est. Utilities$253
% of Income21.6%
Pre-tax Residual$4,679

Compare Nearby Areas

See how Floyd County stacks up against neighboring areas.

countyBremer County, IA
$880/mo
countyCerro Gordo County, IA
$824/mo
countyChickasaw County, IA
$751/mo
countyMitchell County, IA
$727/mo
countyButler County, IA
$769/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Floyd County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Floyd County. The estimated all-in monthly cost for renting is $994, while owning a median-priced home with a 20% down payment is roughly $1,286 per month (a difference of $292).

How much do utilities cost in Floyd County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Floyd County is approximately $253. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Floyd County?›

To comfortably afford the median rent and utilities in Floyd County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $39,760 per year.