Quick facts: Collins, IA

Quick Facts

96.6
Cost of Living
below US average
498
Population
60.24
Crime Rate per 1000
above US average
$69,844
Median Income
below US average
$189,000
Median House Price
above US average
$1132
Average Rent
below US average
5%
Poverty Rate
below US average
4.5%
Unemployment Rate
above 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 $69,844.

🏠

Income Needed to Buy

βœ“ Affordable
$59k/year
Based on $189,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($69,844) exceeds requirement
🏒

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 ($69,844) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Collins, IA

Collins is a small town located in Story County, Iowa, with a population of just over 1,000 residents. Nestled in the central part of the state, Collins offers a close-knit community atmosphere combined with the charm of rural living. The town is characterized by its picturesque landscapes, friendly neighborhoods, and a strong sense of local identity. Collins is primarily a residential area, making it an ideal place for families and individuals seeking a quieter lifestyle away from the hustle and bustle of larger cities. The community is served by the North Polk Community School District, which provides educational opportunities for children. Outdoor enthusiasts can enjoy various recreational activities in and around Collins, including parks, walking trails, and nearby farmland. The town holds several annual events and festivals, fostering community spirit and engagement. While Collins may be small, its proximity to larger cities like Ames and Des Moines (approximately 20-30 minutes away) allows residents access to more extensive amenities, shopping, and entertainment options. Overall, Collins represents a quaint slice of Midwestern life, offering a peaceful environment with the convenience of urban accessibility.

πŸ” Search & Compare Places

First Location πŸ“