Quick facts: Ida grove, IA

Quick Facts

96.6
Cost of Living
below US average
2,011
Population
7.46
Crime Rate per 1000
below US average
$65,774
Median Income
below US average
$119,000
Median House Price
above US average
$750.0
Average Rent
below US average
9%
Poverty Rate
below US average
3.1%
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 $65,774.

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Income Needed to Buy

βœ“ Affordable
$37k/year
Based on $119,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,774) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$32k/year
Based on $750.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,774) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ida grove, IA

Ida Grove is a charming small city located in Ida County, Iowa. Known for its friendly community and rich history, it serves as a hub for local agriculture and business. The town's population is around 2,000 residents, giving it a close-knit, welcoming atmosphere. One of the town’s highlights is the picturesque Moorehead Park, offering residents and visitors access to outdoor activities such as walking trails, picnic areas, and a beautiful pond. Ida Grove is also home to the historical Ida Grove Depot, reflecting the town's railroading heritage. The annual events like the "Ida Grove Festival" are a testament to the community spirit, featuring activities, food, and entertainment for all ages. The local economy is supported by a mix of small businesses and agriculture, with an emphasis on corn and soybean farming. The city is conveniently located near major highways, facilitating easy access to larger cities in the region. Ida Grove’s peaceful small-town vibe, coupled with its recreational opportunities and community events, make it a delightful place to live and visit.

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