Cost of Living in Denmark, IA

With a cost of living index of 74, Denmark, IA is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 3% above the Iowa state average of 71. Denmark is a small community of 738 residents.

Housing costs are the biggest factor in Denmark's cost of living. The median monthly rent is $874 (34% below the US median of $1,319), and the median home value sits at $193,200 (37% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Denmark is $105,714, which is 41% higher than the national median of $75,149. Residents spend roughly 10% 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.