Affordable

What Salary Do You Need to Live in Hedrick?

To afford a 2-bedroom in Hedrick, you need to earn at least $27,480/year based on estimated fair market rent data. The median household income here is $59,375, which means the typical resident is $31,895 above the threshold.

Census ACS Data Pop. 813

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$481	$1,603	$19,240	$-40,135
1 Bedroom	$570	$1,900	$22,800	$-36,575
2 Bedroom BENCHMARK	$687	$2,290	$27,480	$-31,895
3 Bedroom	$838	$2,793	$33,520	$-25,855
4 Bedroom	$1,031	$3,437	$41,240	$-18,135

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$59,375

Annual household

2BR Required Salary

$27,480

Under 30% rule

Income Gap

+$31,895

Surplus

Verdict

Affordable

Ratio: 13.9%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Hedrick's median household income

Max monthly rent you can afford$1,484

Studio

$481/mo

1 BR

$570/mo

2 BR

$687/mo

3 BR

$838/mo

4 BR

$1,031/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Hedrick

Hedrick, Iowa stands out as one of the more financially accessible housing markets in the state. The median household income of $59,375 significantly exceeds the $27,480 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $31,895 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Hedrick, a studio at $481/month offers an even more aggressive savings rate. Even a 3-bedroom at $838/month remains accessible for dual-income households earning above $33,520.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $41,220 would position you well — though many residents in Hedrick 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 Hedrick, Iowa.

With a total population of 813, the city supports an active civilian workforce of 302 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $27,480 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

302

Active civilian employees in Hedrick

Frequently Asked Questions About Renting in Hedrick

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

To afford a 2-bedroom in Hedrick under the 30% rule, you need an annual salary of at least $27,480. The median household income in Hedrick is $59,375.

Can I afford a 2-bedroom in Hedrick on $59,375?

The affordability verdict for Hedrick is "Affordable". The rent-to-income ratio is 13.9%, meaning median earners have a $31,895 surplus.

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

The median gross rent in Hedrick is $570/month. With a median household income of $59,375, residents spend approximately 13.9% of their income on rent.

What salary do I need for a studio in Hedrick?

A studio in Hedrick rents for approximately $481/month. Under the 30% rule, you need an annual salary of $19,240 to afford this.

Is Hedrick considered an affordable place to live?

Based on the surplus of $31,895 and an affordability verdict of "Affordable", Hedrick is considered a affordable rental market when comparing the required 2-bedroom salary of $27,480 to the local median household income.

How Hedrick Compares

Other cities in Iowa with salary requirements