Cost of living in Madrid, Iowa
Simple answer
Typical rent is $1,029 a month.
Madrid is a city in Iowa. That rent number includes utilities. A typical household earns $89,844 a year.
- People
- 2,808
- Census average, 2020–2024
- Typical rent
- $1,029
- Median gross rent, includes utilities
- Typical pay
- $89,844
- Median household income, yearly
- Typical home
- $185,600
- Median home value
- 2-bedroom fair rent
- $967
- Boone County, IA HUD Metro FMR Area
Madrid, Iowa has about 2,808 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $185,600.
HUD's fair-market rent for a 2-bedroom in Boone County is $967 a month. That is the county number, not an apartment listing in Madrid. It runs from October 2026 through September 2027.
In the Ames, IA metro area, prices sit at 88.8 when the U.S. average is 100. That is a 2024 BEA index.
Iowa taxes wages. A typical combined sales tax is 6.9% as of January 1, 2026. That mix is statewide, not Madrid's exact store tax.
Some places in Iowa add a local wage tax. In 2023 the state average was about 0.08% of income. That is not a Madrid bill.
In July 2026, a typical Iowa home paid 15.99¢ per kilowatt-hour. That is a state average from EIA, not Madrid's bill.
EIA did not publish a 2025 all-grades gas price for Iowa in the table we use.
Among 264 places we list in Iowa with a rent figure, 48 have higher typical rent than Madrid.
Nearby places
- Slater
Typical rent $895
Compare with Madrid - Polk City
Typical rent $782
Compare with Madrid - Granger
Typical rent $843
Compare with Madrid - Huxley
Typical rent $1,393
Compare with Madrid - Boone
Typical rent $831
Compare with Madrid - Johnston
Typical rent $1,338
Compare with Madrid - Grimes
Typical rent $1,251
- Perry
Typical rent $931
Compare with Madrid
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in Iowa
Bigger places in Iowa
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.