Ankeny, IA

Average · 98

Iowa · Population 70,542 · Updated March 2026

$1,279
Median Rent / Month
$106,603
Median Income
$311,300
Median Home Value
$1,543
Owner Costs / Month

Affordability

How far your income goes in Ankeny

14.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Iowa

State-level tax rates that affect your costs

5.7%
Income Tax (Top Rate)
6.0%
Sales Tax
1.57%
Property Tax Rate

Estimated Annual Costs

$15,348
Annual Rent
$6,076
State Income Tax
$4,887
Property Tax (est.)

Cost of Living Overview

Ankeny has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 98 (where 100 equals the national median), Ankeny residents can expect to pay median rent of $1,279/month while earning a median household income of $106,603/year.

The median home value in Ankeny, IA is $311,300, with typical monthly owner costs around $1,543 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Iowa has a moderate income tax rate of 5.7%. Combined with a 6.0% sales tax rate and 1.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Ankeny.

Frequently Asked Questions

Common questions about living costs in Ankeny

What is the cost of living in Ankeny, IA?
The cost of living index in Ankeny, IA is 98 (US average = 100). Median monthly rent is $1,279, median household income is $106,603/year, and the median home value is $311,300.
Is Ankeny, IA affordable?
Yes, Ankeny is more affordable than the national average with a cost index of 98. The rent-to-income ratio is 14.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Ankeny, IA?
The median gross rent in Ankeny, IA is $1,279 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,348.
What is the median household income in Ankeny?
The median household income in Ankeny, IA is $106,603 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Iowa?
Iowa has a top income tax rate of 5.7%, a sales tax of 6.0%, and an effective property tax rate of 1.57%.