Manageable

What Salary Do You Need to Live in Iowa Falls?

To afford a 2-bedroom in Iowa Falls, you need to earn at least $42,280/year based on estimated fair market rent data. The median household income here is $50,035, which means the typical resident is $7,755 above the threshold.

Census ACS Data Pop. 5,095

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$740	$2,467	$29,600	$-20,435
1 Bedroom	$877	$2,923	$35,080	$-14,955
2 Bedroom BENCHMARK	$1,057	$3,523	$42,280	$-7,755
3 Bedroom	$1,290	$4,300	$51,600	+$1,565
4 Bedroom	$1,586	$5,287	$63,440	+$13,405

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$50,035

Annual household

2BR Required Salary

$42,280

Under 30% rule

Income Gap

+$7,755

Surplus

Verdict

Manageable

Ratio: 25.4%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Iowa Falls

Your Annual Salary

Pre-filled with Iowa Falls's median household income

Max monthly rent you can afford$1,251

Studio

$740/mo

1 BR

$877/mo

2 BR

$1,057/mo

3 BR

$1,290/mo

4 BR

$1,586/mo

Your salary is $0 above the median income in Iowa Falls.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Iowa Falls

Renting in Iowa Falls, Iowa is doable for median earners, but tight. A 2-bedroom requires roughly $42,280/year under the 30% rule, and with a median income of $50,035, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($877/month) or studio ($740/month) materially improves the math. For those needing more space, a 3-bedroom in Iowa Falls pushes the required income to $51,600.

For comfortable living in Iowa Falls without financial stress, target a household income of at least $63,420 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Iowa's cost of living.

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 Iowa Falls, Iowa.

With a total population of 5,095, the city supports an active civilian workforce of 2,405 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $42,280 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

2,405

Active civilian employees in Iowa Falls

Frequently Asked Questions About Renting in Iowa Falls

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

To afford a 2-bedroom in Iowa Falls under the 30% rule, you need an annual salary of at least $42,280. The median household income in Iowa Falls is $50,035.

Can I afford a 2-bedroom in Iowa Falls on $50,035?

The affordability verdict for Iowa Falls is "Manageable". The rent-to-income ratio is 25.4%, meaning median earners have a $7,755 surplus.

What is the average rent in Iowa Falls compared to median income?

The median gross rent in Iowa Falls is $877/month. With a median household income of $50,035, residents spend approximately 25.4% of their income on rent.

What salary do I need for a studio in Iowa Falls?

A studio in Iowa Falls rents for approximately $740/month. Under the 30% rule, you need an annual salary of $29,600 to afford this.

Is Iowa Falls considered an affordable place to live?

Based on the surplus of $7,755 and an affordability verdict of "Manageable", Iowa Falls is considered a manageable rental market when comparing the required 2-bedroom salary of $42,280 to the local median household income.

How Iowa Falls Compares

Other cities in Iowa with salary requirements