Cost of Living in Kimballton, IA

With a cost of living index of 64, Kimballton, IA is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 7% below the Iowa state average of 71. Kimballton is a small community of 294 residents.

Housing costs are the biggest factor in Kimballton's cost of living. The median monthly rent is $850 (36% below the US median of $1,319), and the median home value sits at $77,000 (75% 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 Kimballton is $39,583, which is 47% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Kimballton. The area sees an average annual temperature of 52.4°F, with summers averaging 76°F and winters around 27°F. Annual rainfall totals 31.9 inches spread over roughly 103 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

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.