Quick facts: Marathon, IA

Quick Facts

96.6
Cost of Living
below US average
223
Population
22.42
Crime Rate per 1000
below US average
$38,750
Median Income
below US average
$78,000
Median House Price
above US average
$1132
Average Rent
below US average
13%
Poverty Rate
above US average
3.0%
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 $38,750.

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Income Needed to Buy

βœ“ Affordable
$24k/year
Based on $78,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($38,750) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$49k/year
Based on $1132/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $49k vs median $38,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marathon, IA

Marathon is a small city located in the heart of Buena Vista County, Iowa. Featuring a tight-knit community and a rural atmosphere, Marathon has a population of just over 200 residents, fostering a friendly environment that reflects its Midwestern roots. The city is characterized by its peaceful surroundings, making it an ideal location for those who appreciate a slower pace of life. The economy of Marathon is largely based on agriculture, with many residents engaged in farming and related activities. The city is surrounded by fertile farmland, allowing for a strong agricultural community that contributes to the local economy. Marathon offers a few local amenities including a community center and parks, providing spaces for recreation and social gatherings. The close proximity to larger towns like Storm Lake and Spencer gives residents easy access to additional shopping, dining, and entertainment options. For those who enjoy outdoor activities, the area features beautiful landscapes and opportunities for fishing, hiking, and exploring nature. With its combination of small-town charm and agricultural heritage, Marathon is a hidden gem in Iowa's countryside.

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