Cost of Living in Leland, IA

With a cost of living index of 64, Leland, 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. Leland is a small community of 214 residents.

Housing costs are the biggest factor in Leland's cost of living. The median monthly rent is $860 (35% below the US median of $1,319), and the median home value sits at $79,200 (74% below the national median of $304,900). At current prices, the median home costs roughly 1.5x the median household income — well within traditional affordability guidelines.

The median household income in Leland is $52,500, which is 30% lower than the national median of $75,149. Residents spend roughly 20% 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.

Climate is another factor for anyone considering a move to Leland. The area sees an average annual temperature of 45.6°F, with summers averaging 70°F and winters around 19°F. Annual rainfall totals 36.3 inches spread over roughly 116 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.