Cost of Living in Fort Atkinson, IA

With a cost of living index of 77, Fort Atkinson, IA is a very affordable place to live. Living here is 23% cheaper than the national average and 6% above the Iowa state average of 71. Fort Atkinson is a small community of 340 residents.

Housing costs are the biggest factor in Fort Atkinson's cost of living. The median monthly rent is $1,125 (15% below the US median of $1,319), and the median home value sits at $135,000 (56% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Fort Atkinson is $72,083, which is 4% lower than the national median of $75,149. Residents spend roughly 19% 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.