Cost of Living in Graettinger, IA

With a cost of living index of 54, Graettinger, IA is one of the most affordable cities in the country. Living here is 46% cheaper than the national average and 18% below the Iowa state average of 71. Graettinger is a small community of 1,038 residents.

Housing costs are the biggest factor in Graettinger's cost of living. The median monthly rent is $480 (64% below the US median of $1,319), and the median home value sits at $87,000 (71% below the national median of $304,900). At current prices, the median home costs roughly 1.2x the median household income — well within traditional affordability guidelines.

The median household income in Graettinger is $73,250, which is 3% lower than the national median of $75,149. Residents spend roughly 8% 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.