Coralville, IA

Below Avg · 81

Iowa · Population 22,846 · Updated March 2026

$1,021
Median Rent / Month
$66,508
Median Income
$286,000
Median Home Value
$1,143
Owner Costs / Month

Affordability

How far your income goes in Coralville

18.4%
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

$12,252
Annual Rent
$3,791
State Income Tax
$4,490
Property Tax (est.)

Cost of Living Overview

Coralville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 81 (where 100 equals the national median), Coralville residents can expect to pay median rent of $1,021/month while earning a median household income of $66,508/year.

The median home value in Coralville, IA is $286,000, with typical monthly owner costs around $1,143 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.4% 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 Coralville.

Frequently Asked Questions

Common questions about living costs in Coralville

What is the cost of living in Coralville, IA?
The cost of living index in Coralville, IA is 81 (US average = 100). Median monthly rent is $1,021, median household income is $66,508/year, and the median home value is $286,000.
Is Coralville, IA affordable?
Yes, Coralville is more affordable than the national average with a cost index of 81. The rent-to-income ratio is 18.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Coralville, IA?
The median gross rent in Coralville, IA is $1,021 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,252.
What is the median household income in Coralville?
The median household income in Coralville, IA is $66,508 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%.