Cost of Living in Ankeny
Ankeny's cost of living runs genuinely above several other Iowa Tier A markets, reflecting the city's rapid growth and above-average household incomes.
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Learn moreAbove-average housing costs
Ankeny's median home value ran approximately $334,000 -- genuinely above the national median and above most other Iowa Tier A markets documented elsewhere in this project.
An above-median property tax rate
Ankeny's effective property tax rate ran approximately 1.65%, above Iowa's statewide median (~1.55%), with a median annual tax bill (~$5,012) more than double the national median.
Offset by above-average income
Ankeny's median household income ran approximately $106,603, genuinely well above average -- a real, meaningful offset to its above-average housing and tax costs.
Key takeaways
- Ankeny's housing costs run genuinely above most other Iowa Tier A markets.
- Ankeny's effective property tax rate (~1.65%) runs above Iowa's statewide median.
- Ankeny's above-average household income offsets its higher costs.
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