Affordable

What Salary Do You Need to Live in Evansdale?

To afford a 2-bedroom in Evansdale, you need to earn at least $42,160/year based on estimated fair market rent data. The median household income here is $54,575, which means the typical resident is $12,415 above the threshold.

Census ACS Data Pop. 4,561

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$738	$2,460	$29,520	$-25,055
1 Bedroom	$875	$2,917	$35,000	$-19,575
2 Bedroom BENCHMARK	$1,054	$3,513	$42,160	$-12,415
3 Bedroom	$1,286	$4,287	$51,440	$-3,135
4 Bedroom	$1,581	$5,270	$63,240	+$8,665

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$54,575

Annual household

2BR Required Salary

$42,160

Under 30% rule

Income Gap

+$12,415

Surplus

Verdict

Affordable

Ratio: 23.2%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Evansdale's median household income

Max monthly rent you can afford$1,364

Studio

$738/mo

1 BR

$875/mo

2 BR

$1,054/mo

3 BR

$1,286/mo

4 BR

$1,581/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Evansdale

Living in Evansdale is well within reach for most median-income earners. With a $12,415 cushion between what residents earn and what a 2-bedroom requires, households in Evansdale typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Evansdale, a studio at $738/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,286/month remains accessible for dual-income households earning above $51,440.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $63,240 would position you well — though many residents in Evansdale 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 Evansdale, Iowa.

With a total population of 4,561, the city supports an active civilian workforce of 2,491 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $42,160 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

2,491

Active civilian employees in Evansdale

Frequently Asked Questions About Renting in Evansdale

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

To afford a 2-bedroom in Evansdale under the 30% rule, you need an annual salary of at least $42,160. The median household income in Evansdale is $54,575.

Can I afford a 2-bedroom in Evansdale on $54,575?

The affordability verdict for Evansdale is "Affordable". The rent-to-income ratio is 23.2%, meaning median earners have a $12,415 surplus.

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

The median gross rent in Evansdale is $875/month. With a median household income of $54,575, residents spend approximately 23.2% of their income on rent.

What salary do I need for a studio in Evansdale?

A studio in Evansdale rents for approximately $738/month. Under the 30% rule, you need an annual salary of $29,520 to afford this.

Is Evansdale considered an affordable place to live?

Based on the surplus of $12,415 and an affordability verdict of "Affordable", Evansdale is considered a affordable rental market when comparing the required 2-bedroom salary of $42,160 to the local median household income.

How Evansdale Compares

Other cities in Iowa with salary requirements