Hancock County, IA at a glance
Median household income
$70,601$5,883 per month · U.S. Census Bureau ACS 5-YearHow much rent can you afford in Hancock County, IA?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
How much is rent in Hancock County, IA? By bedroom, 2026
HUD's fiscal 2026 Fair Market Rents for Hancock County, IA, with the income each one takes if rent stays under 30% of it.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $682 | $8,184 | $27,280 | 11.6% |
| 1-Bedroom Apartment | $745 | $8,940 | $29,800 | 12.7% |
| 2-Bedroom ApartmentBenchmark | $919 | $11,028 | $36,760 | 15.6% |
| 3-Bedroom Home | $1,170 | $14,040 | $46,800 | 19.9% |
| 4-Bedroom Home | $1,542 | $18,504 | $61,680 | 26.2% |
What a typical income covers in Hancock County, IA
The 50/30/20 rule applied to the local median of $70,601 a year ($5,883 a month before tax).
What $70,601 leaves after Iowa taxes
Federal income tax, Social Security, Medicare and Iowa tax on the local median income. Change the salary to see yours.
Rent, jobs and pay in Iowa
Living in Hancock County, IA: common questions
What is the median household income in Hancock County, IA?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Hancock County, IA is $70,601 per year (approximately $5,883 per month).
What is the average rent in Hancock County, IA?
The closest official figure is HUD's Fair Market Rent for 2026: $682 for a studio, $745 for one bedroom, $919 for two, $1,170 for three and $1,542 for four, utilities included.
It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.
Is Hancock County, IA expensive to live in?
Prices there run 12.2% below the U.S. average. BEA's regional price parity for Iowa is 87.8, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.
How much do you need to earn to comfortably afford rent in Hancock County, IA?
To keep a $919 two-bedroom under 30% of gross income, a household needs about $36,760 a year, or $3,063 a month. That is 52% of what the typical household in Hancock County, IA earns.
How much do you need to live comfortably in Hancock County, IA?
On the local median income of $70,601 ($5,883 a month before tax), the 50/30/20 rule leaves $2,942 a month for needs like rent, utilities and groceries, $1,765 for everything else and $1,177 for savings or debt. A two-bedroom at $919 takes 31% of the needs share.
How much is the electric bill in Hancock County, IA?
Homes in Iowa paid 15.9¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $143. Your bill depends mostly on heating and cooling.