Quick facts: Beacon, IA

Quick Facts

96.6
Cost of Living
below US average
430
Population
11.63
Crime Rate per 1000
below US average
$54,250
Median Income
below US average
$209,900
Median House Price
above US average
$1132
Average Rent
below US average
8%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $54,250.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $209,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $54,250
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Income Needed to Rent

βœ“ Affordable
$49k/year
Based on $1132/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($54,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Beacon, IA

Beacon, Iowa is a small unincorporated community located in Mahaska County. With a quaint rural atmosphere, it is characterized by its close-knit community and scenic landscapes typical of the Midwest. The area is primarily agricultural, surrounded by farmlands that contribute to the local economy. Beacon is situated near the larger city of Oskaloosa, which offers additional amenities and services to residents. The region is known for its outdoor activities, with nearby parks and recreational opportunities such as hiking and fishing. History plays an important role in Beacon, with a rich heritage reflected in its architecture and local events. Residents enjoy a slower pace of life, making it an ideal spot for those seeking peace and a sense of community. The local culture is influenced by traditional Midwestern values, making it a welcoming place for visitors and newcomers alike. Overall, Beacon embodies the charm and tranquility of rural Iowa, making it a noteworthy stop for those exploring the region.

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