Pros:
- Affordable Housing - Dakota City's housing market is relatively affordable compared to other parts of Iowa.
- Small-town charm - The village of Dakota City, Iowa, provides the small town feel with a tight-knit community.
- Proximity to recreational activities - Humblodt County offers plenty of recreational activities. From trout fishing to camping, and hiking within miles of Dakota City.
- Accessible shopping and services - Dakota City is a short drive away from towns with small shops and services, which help residents provide for their basic needs.

Cons:
- Rural Location - Some residents may find that the village is too isolated or lacks some of the amenities of larger cities.
- Limited Job Opportunities - Dakota City is quite small, and therefore it may be tough to find a job in the region as there are a limited number of employers.
- Severe Weather Conditions - The Iowa weather can be very unpredictable with several snowstorms and severe thunderstorms in the summer, which can be a problem.
- Lack of Cultural Diversity - Dakota City has a relatively homogenous society regarding ethnic and cultural backgrounds, which can be an issue for some people.