Quick facts: Sioux city, IA

Quick Facts

96.6
Cost of Living
below US average
85,497
Population
34.56
Crime Rate per 1000
above US average
$64,250
Median Income
below US average
$199,995
Median House Price
above US average
$1020.0
Average Rent
below US average
10%
Poverty Rate
below US average
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 $64,250.

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Income Needed to Buy

βœ“ Affordable
$63k/year
Based on $199,995 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($64,250) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$44k/year
Based on $1020.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($64,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sioux city, IA

Sioux City, located in northwest Iowa, is the county seat of Woodbury County and is one of the largest cities in the state. Known for its rich history and cultural diversity, Sioux City is situated at the confluence of the Missouri and Big Sioux Rivers. The city offers a blend of urban and rural life, featuring a vibrant downtown area filled with shops, restaurants, and entertainment venues. Sioux City is home to several parks and recreational facilities, including the scenic Stone Park, which boasts hiking trails and stunning views of the Missouri River. The city also hosts numerous annual events and festivals, celebrating its heritage and community spirit. Culturally, Sioux City has a variety of art galleries, theaters, and museums, including the Sioux City Art Center and the Orpheum Theatre. The city's economy is diverse, with key sectors including healthcare, education, and manufacturing, contributing to its steady growth. Overall, Sioux City is a community that values its history while embracing modern development, making it an attractive place for both residents and visitors.

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