Affordable

What Salary Do You Need to Live in Hanlontown?

To afford a 2-bedroom in Hanlontown, you need to earn at least $36,800/year based on estimated fair market rent data. The median household income here is $57,500, which means the typical resident is $20,700 above the threshold.

Census ACS Data Pop. 230

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$644	$2,147	$25,760	$-31,740
1 Bedroom	$764	$2,547	$30,560	$-26,940
2 Bedroom BENCHMARK	$920	$3,067	$36,800	$-20,700
3 Bedroom	$1,122	$3,740	$44,880	$-12,620
4 Bedroom	$1,380	$4,600	$55,200	$-2,300

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$57,500

Annual household

2BR Required Salary

$36,800

Under 30% rule

Income Gap

+$20,700

Surplus

Verdict

Affordable

Ratio: 19.2%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Hanlontown's median household income

Max monthly rent you can afford$1,438

Studio

$644/mo

1 BR

$764/mo

2 BR

$920/mo

3 BR

$1,122/mo

4 BR

$1,380/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Hanlontown

Hanlontown, Iowa stands out as one of the more financially accessible housing markets in the state. The median household income of $57,500 significantly exceeds the $36,800 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $20,700 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Hanlontown, a studio at $644/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,122/month remains accessible for dual-income households earning above $44,880.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $55,200 would position you well — though many residents in Hanlontown 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 Hanlontown, Iowa.

With a total population of 230, the city supports an active civilian workforce of 119 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $36,800 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

119

Active civilian employees in Hanlontown

Frequently Asked Questions About Renting in Hanlontown

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

To afford a 2-bedroom in Hanlontown under the 30% rule, you need an annual salary of at least $36,800. The median household income in Hanlontown is $57,500.

Can I afford a 2-bedroom in Hanlontown on $57,500?

The affordability verdict for Hanlontown is "Affordable". The rent-to-income ratio is 19.2%, meaning median earners have a $20,700 surplus.

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

The median gross rent in Hanlontown is $764/month. With a median household income of $57,500, residents spend approximately 19.2% of their income on rent.

What salary do I need for a studio in Hanlontown?

A studio in Hanlontown rents for approximately $644/month. Under the 30% rule, you need an annual salary of $25,760 to afford this.

Is Hanlontown considered an affordable place to live?

Based on the surplus of $20,700 and an affordability verdict of "Affordable", Hanlontown is considered a affordable rental market when comparing the required 2-bedroom salary of $36,800 to the local median household income.

How Hanlontown Compares

Other cities in Iowa with salary requirements