Affordable

What Salary Do You Need to Live in Davenport?

To afford a 2-bedroom in Davenport, you need to earn at least $42,880/year based on estimated fair market rent data. The median household income here is $59,890, which means the typical resident is $17,010 above the threshold.

Census ACS Data Pop. 101,448

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$750	$2,500	$30,000	$-29,890
1 Bedroom	$890	$2,967	$35,600	$-24,290
2 Bedroom BENCHMARK	$1,072	$3,573	$42,880	$-17,010
3 Bedroom	$1,308	$4,360	$52,320	$-7,570
4 Bedroom	$1,608	$5,360	$64,320	+$4,430

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$59,890

Annual household

2BR Required Salary

$42,880

Under 30% rule

Income Gap

+$17,010

Surplus

Verdict

Affordable

Ratio: 21.5%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Davenport's median household income

Max monthly rent you can afford$1,497

Studio

$750/mo

1 BR

$890/mo

2 BR

$1,072/mo

3 BR

$1,308/mo

4 BR

$1,608/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Davenport

Living in Davenport is well within reach for most median-income earners. With a $17,010 cushion between what residents earn and what a 2-bedroom requires, households in Davenport typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Davenport, a studio at $750/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,308/month remains accessible for dual-income households earning above $52,320.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $64,320 would position you well — though many residents in Davenport 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 Davenport, Iowa.

With a total population of 101,448, the city supports an active civilian workforce of 50,824 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $42,880 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

50,824

Active civilian employees in Davenport

Frequently Asked Questions About Renting in Davenport

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

To afford a 2-bedroom in Davenport under the 30% rule, you need an annual salary of at least $42,880. The median household income in Davenport is $59,890.

Can I afford a 2-bedroom in Davenport on $59,890?

The affordability verdict for Davenport is "Affordable". The rent-to-income ratio is 21.5%, meaning median earners have a $17,010 surplus.

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

The median gross rent in Davenport is $890/month. With a median household income of $59,890, residents spend approximately 21.5% of their income on rent.

What salary do I need for a studio in Davenport?

A studio in Davenport rents for approximately $750/month. Under the 30% rule, you need an annual salary of $30,000 to afford this.

Is Davenport considered an affordable place to live?

Based on the surplus of $17,010 and an affordability verdict of "Affordable", Davenport is considered a affordable rental market when comparing the required 2-bedroom salary of $42,880 to the local median household income.

How Davenport Compares

Other cities in Iowa with salary requirements