Affordable

What Salary Do You Need to Live in Fredericksburg?

To afford a 2-bedroom in Fredericksburg, you need to earn at least $40,440/year based on estimated fair market rent data. The median household income here is $62,583, which means the typical resident is $22,143 above the threshold.

Census ACS Data Pop. 1,133

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$708	$2,360	$28,320	$-34,263
1 Bedroom	$839	$2,797	$33,560	$-29,023
2 Bedroom BENCHMARK	$1,011	$3,370	$40,440	$-22,143
3 Bedroom	$1,233	$4,110	$49,320	$-13,263
4 Bedroom	$1,517	$5,057	$60,680	$-1,903

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$62,583

Annual household

2BR Required Salary

$40,440

Under 30% rule

Income Gap

+$22,143

Surplus

Verdict

Affordable

Ratio: 19.4%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Fredericksburg's median household income

Max monthly rent you can afford$1,565

Studio

$708/mo

1 BR

$839/mo

2 BR

$1,011/mo

3 BR

$1,233/mo

4 BR

$1,517/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Fredericksburg

Fredericksburg, Iowa stands out as one of the more financially accessible housing markets in the state. The median household income of $62,583 significantly exceeds the $40,440 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $22,143 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Fredericksburg, a studio at $708/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,233/month remains accessible for dual-income households earning above $49,320.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $60,660 would position you well — though many residents in Fredericksburg 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 Fredericksburg, Iowa.

With a total population of 1,133, the city supports an active civilian workforce of 512 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $40,440 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

512

Active civilian employees in Fredericksburg

Frequently Asked Questions About Renting in Fredericksburg

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

To afford a 2-bedroom in Fredericksburg under the 30% rule, you need an annual salary of at least $40,440. The median household income in Fredericksburg is $62,583.

Can I afford a 2-bedroom in Fredericksburg on $62,583?

The affordability verdict for Fredericksburg is "Affordable". The rent-to-income ratio is 19.4%, meaning median earners have a $22,143 surplus.

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

The median gross rent in Fredericksburg is $839/month. With a median household income of $62,583, residents spend approximately 19.4% of their income on rent.

What salary do I need for a studio in Fredericksburg?

A studio in Fredericksburg rents for approximately $708/month. Under the 30% rule, you need an annual salary of $28,320 to afford this.

Is Fredericksburg considered an affordable place to live?

Based on the surplus of $22,143 and an affordability verdict of "Affordable", Fredericksburg is considered a affordable rental market when comparing the required 2-bedroom salary of $40,440 to the local median household income.

How Fredericksburg Compares

Other cities in Iowa with salary requirements