North Liberty, IA

Average · 96

Iowa · Population 20,782 · Updated March 2026

$1,226
Median Rent / Month
$103,933
Median Income
$300,000
Median Home Value
$1,594
Owner Costs / Month

Affordability

How far your income goes in North Liberty

14.2%
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

$14,712
Annual Rent
$5,924
State Income Tax
$4,710
Property Tax (est.)

Cost of Living Overview

North Liberty has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 96 (where 100 equals the national median), North Liberty residents can expect to pay median rent of $1,226/month while earning a median household income of $103,933/year.

The median home value in North Liberty, IA is $300,000, with typical monthly owner costs around $1,594 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.2% 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 North Liberty.

Frequently Asked Questions

Common questions about living costs in North Liberty

What is the cost of living in North Liberty, IA?
The cost of living index in North Liberty, IA is 96 (US average = 100). Median monthly rent is $1,226, median household income is $103,933/year, and the median home value is $300,000.
Is North Liberty, IA affordable?
Yes, North Liberty is more affordable than the national average with a cost index of 96. The rent-to-income ratio is 14.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in North Liberty, IA?
The median gross rent in North Liberty, IA is $1,226 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,712.
What is the median household income in North Liberty?
The median household income in North Liberty, IA is $103,933 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%.