salaryRent is higher than in 51% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.
How much money do I need?
To rent here comfortably, you should earn about $66,760 a year. That is $32 an hour at a full-time job.
Is rent cheaper than other Iowa cities?
No. Rent here is more expensive than in most of Iowa. It is number 81 of 86 cities from cheapest to most expensive.
How much do households earn in Ankeny?
Share of households by yearly income. 40.9% of households earn $100,000 or more.
Rent by apartment size in Ankeny
| Size | Ankeny | U.S. average |
|---|---|---|
| Studio | $1,162 | $1,338 |
| 1 bedroom | $1,140 | $1,324 |
| 2 bedrooms | $1,442 | $1,509 |
| 3 bedrooms | $2,022 | $1,698 |
| 4 bedrooms | $2,537 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Ankeny 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 Ankeny, so the Iowa figure is shown.
Taxes and bills in Ankeny
Life in Ankeny
Is it cheaper to rent or buy in Ankeny?
Renting is cheaper right now: about $628 a month less.
Owning assumes a typical $331,000 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $33,100 for the down payment.
Frequently asked questions
What is the average rent in Ankeny, IA?
Renting in Ankeny costs a median of about $1,669 a month in 2026, including utilities. The Iowa median is $1,071.
How much do I need to make to live in Ankeny?
To keep rent under 30% of income, you need about $66,760 a year, or $32 an hour at a full-time job.
Is Ankeny cheap or expensive?
Ankeny is rated Cheap: rent takes 17.2% of the typical household income of $116,692. It ranks 81st cheapest of 86 Iowa cities we track.
How much are property taxes in Ankeny?
The median homeowner in Ankeny pays $5,569 a year in property taxes, about 1.68% of the median home value.
Is Ankeny 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 Ankeny?
The median home value in Ankeny is $331,000, about 2.8 times the typical yearly household income.
72,615 people live in Ankeny. Numbers are typical (middle) values.