Ely, IA
2,186Residents
$105,882Median household income
$936/moMedian gross rent
$311,900Median home value
38.1Median age
38%Adults with a bachelor’s degree or higher
82%Homes lived in by their owners
2.9×Home value to household income
Median rent takes about 11% of the median household income in Ely.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $37,000 a year. In Iowa that leaves roughly $2,542 a month after tax. See the full paycheck breakdown for $35,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.