Affordable

What Salary Do You Need to Live in College Springs?

To afford a 2-bedroom in College Springs, you need to earn at least $35,760/year based on estimated fair market rent data. The median household income here is $67,695, which means the typical resident is $31,935 above the threshold.

Census ACS Data Pop. 217

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$626	$2,087	$25,040	$-42,655
1 Bedroom	$742	$2,473	$29,680	$-38,015
2 Bedroom BENCHMARK	$894	$2,980	$35,760	$-31,935
3 Bedroom	$1,091	$3,637	$43,640	$-24,055
4 Bedroom	$1,341	$4,470	$53,640	$-14,055

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$67,695

Annual household

2BR Required Salary

$35,760

Under 30% rule

Income Gap

+$31,935

Surplus

Verdict

Affordable

Ratio: 15.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in College Springs

Your Annual Salary

Pre-filled with College Springs's median household income

Max monthly rent you can afford$1,692

Studio

$626/mo

1 BR

$742/mo

2 BR

$894/mo

3 BR

$1,091/mo

4 BR

$1,341/mo

Your salary is $0 above the median income in College Springs.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to College Springs

College Springs, Iowa stands out as one of the more financially accessible housing markets in the state. The median household income of $67,695 significantly exceeds the $35,760 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $31,935 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating College Springs, a studio at $626/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,091/month remains accessible for dual-income households earning above $43,640.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $53,640 would position you well — though many residents in College Springs 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 College Springs, Iowa.

With a total population of 217, the city supports an active civilian workforce of 117 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $35,760 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

117

Active civilian employees in College Springs

Frequently Asked Questions About Renting in College Springs

What salary do I need to live in College Springs, Iowa?

To afford a 2-bedroom in College Springs under the 30% rule, you need an annual salary of at least $35,760. The median household income in College Springs is $67,695.

Can I afford a 2-bedroom in College Springs on $67,695?

The affordability verdict for College Springs is "Affordable". The rent-to-income ratio is 15.8%, meaning median earners have a $31,935 surplus.

What is the average rent in College Springs compared to median income?

The median gross rent in College Springs is $742/month. With a median household income of $67,695, residents spend approximately 15.8% of their income on rent.

What salary do I need for a studio in College Springs?

A studio in College Springs rents for approximately $626/month. Under the 30% rule, you need an annual salary of $25,040 to afford this.

Is College Springs considered an affordable place to live?

Based on the surplus of $31,935 and an affordability verdict of "Affordable", College Springs is considered a affordable rental market when comparing the required 2-bedroom salary of $35,760 to the local median household income.

How College Springs Compares

Other cities in Iowa with salary requirements