Cost of Living in Garner, IA

With a cost of living index of 69, Garner, 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. Garner is a small community of 3,062 residents.

Housing costs are the biggest factor in Garner's cost of living. The median monthly rent is $791 (40% below the US median of $1,319), and the median home value sits at $162,100 (47% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Garner is $68,964, which is 8% lower than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.