Quick facts: Luana, IA

Quick Facts

96.6
Cost of Living
below US average
305
Population
3.28
Crime Rate per 1000
below US average
$60,313
Median Income
below US average
$362,000
Median House Price
above US average
$1132
Average Rent
below US average
Poverty rate Data is updating, will be available soon
2.9%
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 $60,313.

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Income Needed to Buy

βœ— Stretch
$114k/year
Based on $362,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $114k vs median $60,313
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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 ($60,313) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Luana, IA

Luana is a charming small town located in northeastern Iowa, primarily within Clayton County. With a population of just over a hundred residents, Luana exudes a close-knit community atmosphere. The town is surrounded by the picturesque landscapes of Iowa’s rolling hills, farms, and woodlands, offering a serene rural lifestyle. Luana is known for its small-town charm, featuring local shops and outdoor recreational opportunities. The town is in proximity to larger cities like Monona and Postville, which provide additional amenities and services. Outdoor enthusiasts can enjoy activities like hiking, biking, and fishing in the nearby areas, with the nearby Yellow River State Forest offering stunning natural beauty and trails. Cultural events and community gatherings are common in Luana, fostering a strong sense of belonging among residents. The town is also convenient for those interested in exploring the scenic Driftless Area, known for its unique topography and vibrant wildlife. With its welcoming atmosphere and beautiful surroundings, Luana serves as a peaceful retreat from the hustle and bustle of urban life.

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