Cost of Living in Boyden, IA

With a cost of living index of 69, Boyden, IA is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and in line with the Iowa state average. Boyden is a small community of 702 residents.

Housing costs are the biggest factor in Boyden's cost of living. The median monthly rent is $765 (42% below the US median of $1,319), and the median home value sits at $175,300 (43% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Boyden is $81,354, which is 8% higher than the national median of $75,149. Residents spend roughly 11% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.