Affordable

What Salary Do You Need to Live in Lacona?

To afford a 2-bedroom in Lacona, you need to earn at least $40,480/year based on estimated fair market rent data. The median household income here is $66,058, which means the typical resident is $25,578 above the threshold.

Census ACS Data Pop. 361

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$708	$2,360	$28,320	$-37,738
1 Bedroom	$840	$2,800	$33,600	$-32,458
2 Bedroom BENCHMARK	$1,012	$3,373	$40,480	$-25,578
3 Bedroom	$1,235	$4,117	$49,400	$-16,658
4 Bedroom	$1,518	$5,060	$60,720	$-5,338

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$66,058

Annual household

2BR Required Salary

$40,480

Under 30% rule

Income Gap

+$25,578

Surplus

Verdict

Affordable

Ratio: 18.4%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Lacona's median household income

Max monthly rent you can afford$1,651

Studio

$708/mo

1 BR

$840/mo

2 BR

$1,012/mo

3 BR

$1,235/mo

4 BR

$1,518/mo

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

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Lacona

Lacona, Iowa stands out as one of the more financially accessible housing markets in the state. The median household income of $66,058 significantly exceeds the $40,480 needed to comfortably afford a 2-bedroom at 30% of gross income — leaving a $25,578 annual surplus for savings, debt repayment, or lifestyle spending.

For remote workers or relocators evaluating Lacona, a studio at $708/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,235/month remains accessible for dual-income households earning above $49,400.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $60,720 would position you well — though many residents in Lacona 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 Lacona, Iowa.

With a total population of 361, the city supports an active civilian workforce of 168 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $40,480 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

168

Active civilian employees in Lacona

Frequently Asked Questions About Renting in Lacona

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

To afford a 2-bedroom in Lacona under the 30% rule, you need an annual salary of at least $40,480. The median household income in Lacona is $66,058.

Can I afford a 2-bedroom in Lacona on $66,058?

The affordability verdict for Lacona is "Affordable". The rent-to-income ratio is 18.4%, meaning median earners have a $25,578 surplus.

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

The median gross rent in Lacona is $840/month. With a median household income of $66,058, residents spend approximately 18.4% of their income on rent.

What salary do I need for a studio in Lacona?

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

Is Lacona considered an affordable place to live?

Based on the surplus of $25,578 and an affordability verdict of "Affordable", Lacona is considered a affordable rental market when comparing the required 2-bedroom salary of $40,480 to the local median household income.

How Lacona Compares

Other cities in Iowa with salary requirements