MyNeighborhood

Can you afford to live in Boone?

Median household income, home values and rent in Boone, IA — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in Boone.

Median household income: $67,269 — +44.7% since 2015 (not adjusted for inflation)

Median gross rent: $791/mo — +28.6% since 2015

Median home value, 2015 to 2023

  • 2015: 103100
  • 2023: 156400

Median household income

  • Boone: 67269
  • Boone County: 79741
  • IA: 73147
  • U.S.: 78538

Median gross rent

  • Boone: 791
  • Boone County: 826
  • IA: 949
  • U.S.: 1348

Share of income a typical renter spends on rent: 25.8% — U.S.: 30.2%

What it means

The typical household here earns $67,269 — notably lower than the national figure of $78,538.

The typical renter here spends 25.8% of household income on rent, below the 30% cost-burden line.

Since 2015, income has kept pace with rent here (+44.7% versus +28.6%), before adjusting for inflation.

Sources

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