Affordable

What Salary Do You Need to Live in Coin?

To afford a 2-bedroom in Coin, you need to earn at least $30,280/year based on estimated fair market rent data. The median household income here is $46,125, which means the typical resident is $15,845 above the threshold.

Census ACS Data Pop. 240

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$530	$1,767	$21,200	$-24,925
1 Bedroom	$628	$2,093	$25,120	$-21,005
2 Bedroom BENCHMARK	$757	$2,523	$30,280	$-15,845
3 Bedroom	$924	$3,080	$36,960	$-9,165
4 Bedroom	$1,136	$3,787	$45,440	$-685

Affordability Breakdown

Where the required salary line crosses above Coin's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$46,125

Annual household

2BR Required Salary

$30,280

Under 30% rule

Income Gap

+$15,845

Surplus

Verdict

Affordable

Ratio: 19.7%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Coin

Your Annual Salary

Pre-filled with Coin's median household income

Max monthly rent you can afford$1,153

Studio

$530/mo

1 BR

$628/mo

2 BR

$757/mo

3 BR

$924/mo

4 BR

$1,136/mo

Your salary is $0 above the median income in Coin.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Coin's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Coin

Living in Coin is well within reach for most median-income earners. With a $15,845 cushion between what residents earn and what a 2-bedroom requires, households in Coin typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Coin, a studio at $530/month offers an even more aggressive savings rate. Even a 3-bedroom at $924/month remains accessible for dual-income households earning above $36,960.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $45,420 would position you well — though many residents in Coin manage on less given the favorable rent-to-income dynamics.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Coin, Iowa.

With a total population of 240, the city supports an active civilian workforce of 78 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $30,280 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

Active civilian employees in Coin

Frequently Asked Questions About Renting in Coin

What salary do I need to live in Coin, Iowa?

To afford a 2-bedroom in Coin under the 30% rule, you need an annual salary of at least $30,280. The median household income in Coin is $46,125.

Can I afford a 2-bedroom in Coin on $46,125?

The affordability verdict for Coin is "Affordable". The rent-to-income ratio is 19.7%, meaning median earners have a $15,845 surplus.

What is the average rent in Coin compared to median income?

The median gross rent in Coin is $628/month. With a median household income of $46,125, residents spend approximately 19.7% of their income on rent.

What salary do I need for a studio in Coin?

A studio in Coin rents for approximately $530/month. Under the 30% rule, you need an annual salary of $21,200 to afford this.

Is Coin considered an affordable place to live?

Based on the surplus of $15,845 and an affordability verdict of "Affordable", Coin is considered a affordable rental market when comparing the required 2-bedroom salary of $30,280 to the local median household income.

How Coin Compares

Other cities in Iowa with salary requirements