Cost of Living in Marion, IA
Population: 41,690 • 2026 Data
$87,105
Median Household Income
+13% vs national
$978
Median Monthly Rent
-27% vs national
$230,800
Median Home Value
-32% vs national
3.4%
Unemployment Rate
Housing in Marion
The median home value in Marion, IA is $230,800. Monthly rent for a typical unit averages $978, while total monthly housing costs (including utilities and insurance) average $1,266.
Rent-to-income ratio: 13.5%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Marion, IA is $87,105. The unemployment rate stands at 3.4%, with a labor force of 22,222 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.