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. Commutes are short, about 17.4 minutes.
How much money do I need?
To rent here comfortably, you should earn about $36,040 a year. That is $17 an hour at a full-time job.
Is rent cheaper than other Kansas cities?
Yes. Rent here is cheaper than in most of Kansas. It is number 11 of 65 cities from cheapest to most expensive.
How much do households earn in Iola?
Share of households by yearly income. 13.5% of households earn $100,000 or more.
Rent by apartment size in Iola
| Size | Iola | U.S. average |
|---|---|---|
| Studio | $581 | $1,338 |
| 2 bedrooms | $765 | $1,509 |
| 3 bedrooms | $930 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Iola overall?
Everyday prices in Kansas overall are 10% below the U.S. average (index 90.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Iola, so the Kansas figure is shown.
Taxes and bills in Iola
Life in Iola
Is it cheaper to rent or buy in Iola?
Buying is cheaper month to month: about $358 a month less than renting.
Owning assumes a typical $78,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $7,830 for the down payment.
Frequently asked questions
What is the average rent in Iola, KS?
Renting in Iola costs a median of about $901 a month in 2026, including utilities. The Kansas median is $1,222.
How much do I need to make to live in Iola?
To keep rent under 30% of income, you need about $36,040 a year, or $17 an hour at a full-time job.
Is Iola cheap or expensive?
Iola is rated Cheap: rent takes 18.5% of the typical household income of $58,477. It ranks 11th cheapest of 65 Kansas cities we track.
How much are property taxes in Iola?
The median homeowner in Iola pays $1,477 a year in property taxes, about 1.89% of the median home value.
Is Iola more expensive than the national average?
Overall prices in Kansas are 10% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Iola?
The median home value in Iola is $78,300, about 1.3 times the typical yearly household income.
5,348 people live in Iola. Numbers are typical (middle) values.