salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Most homes (76.5%) are owned, so rentals can be hard to find.
How much money do I need?
To rent here comfortably, you should earn about $32,960 a year. That is $16 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 7 of 86 cities from cheapest to most expensive.
How much do households earn in Glenwood?
Share of households by yearly income. 26.9% of households earn $100,000 or more.
Rent by apartment size in Glenwood
| Size | Glenwood | U.S. average |
|---|---|---|
| 1 bedroom | $586 | $1,324 |
| 2 bedrooms | $1,042 | $1,509 |
| 3 bedrooms | $1,382 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Glenwood 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 Glenwood, so the Iowa figure is shown.
Taxes and bills in Glenwood
Life in Glenwood
Is it cheaper to rent or buy in Glenwood?
Renting is cheaper right now: about $607 a month less.
Owning assumes a typical $206,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $20,620 for the down payment.
Frequently asked questions
What is the average rent in Glenwood, IA?
Renting in Glenwood costs a median of about $824 a month in 2026, including utilities. The Iowa median is $1,071.
How much do I need to make to live in Glenwood?
To keep rent under 30% of income, you need about $32,960 a year, or $16 an hour at a full-time job.
Is Glenwood cheap or expensive?
Glenwood is rated Cheap: rent takes 12.8% of the typical household income of $77,426. It ranks 7th cheapest of 86 Iowa cities we track.
How much are property taxes in Glenwood?
The median homeowner in Glenwood pays $3,564 a year in property taxes, about 1.73% of the median home value.
Is Glenwood 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 Glenwood?
The median home value in Glenwood is $206,200, about 2.7 times the typical yearly household income.
5,144 people live in Glenwood. Numbers are typical (middle) values.