salaryRent is lower than in 89% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 11.2 minutes.
How much money do I need?
To rent here comfortably, you should earn about $39,160 a year. That is $19 an hour at a full-time job.
Is rent cheaper than other Iowa cities?
Yes. Rent here is cheaper than in most of Iowa. It is number 31 of 86 cities from cheapest to most expensive.
How much do households earn in Algona?
Share of households by yearly income. 12.9% of households earn $100,000 or more.
Rent by apartment size in Algona
| Size | Algona | U.S. average |
|---|---|---|
| 1 bedroom | $1,241 | $1,324 |
| 2 bedrooms | $943 | $1,509 |
| 3 bedrooms | $1,160 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Algona overall?
Everyday prices in Iowa overall are 12% below the U.S. average (index 87.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Algona, so the Iowa figure is shown.
Taxes and bills in Algona
Life in Algona
Is it cheaper to rent or buy in Algona?
Renting is cheaper right now: about $137 a month less.
Owning assumes a typical $160,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $16,080 for the down payment.
Frequently asked questions
What is the average rent in Algona, IA?
Renting in Algona costs a median of about $979 a month in 2026, including utilities. The Iowa median is $1,071.
How much do I need to make to live in Algona?
To keep rent under 30% of income, you need about $39,160 a year, or $19 an hour at a full-time job.
Is Algona cheap or expensive?
Algona is rated Cheap: rent takes 19.4% of the typical household income of $60,439. It ranks 31st cheapest of 86 Iowa cities we track.
How much are property taxes in Algona?
The median homeowner in Algona pays $2,241 a year in property taxes, about 1.39% of the median home value.
Is Algona more expensive than the national average?
Overall prices in Iowa are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Algona?
The median home value in Algona is $160,800, about 2.7 times the typical yearly household income.
5,377 people live in Algona. Numbers are typical (middle) values.