Affordable

What Salary Do You Need to Live in Iowa Park?

To afford a 2-bedroom in Iowa Park, you need to earn at least $45,720/year based on estimated fair market rent data. The median household income here is $61,667, which means the typical resident is $15,947 above the threshold.

Census ACS Data Pop. 6,529

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$800	$2,667	$32,000	$-29,667
1 Bedroom	$949	$3,163	$37,960	$-23,707
2 Bedroom BENCHMARK	$1,143	$3,810	$45,720	$-15,947
3 Bedroom	$1,394	$4,647	$55,760	$-5,907
4 Bedroom	$1,715	$5,717	$68,600	+$6,933

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$61,667

Annual household

2BR Required Salary

$45,720

Under 30% rule

Income Gap

+$15,947

Surplus

Verdict

Affordable

Ratio: 22.2%

The 30% Rule Calculator

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

Your Annual Salary

Pre-filled with Iowa Park's median household income

Max monthly rent you can afford$1,542

Studio

$800/mo

1 BR

$949/mo

2 BR

$1,143/mo

3 BR

$1,394/mo

4 BR

$1,715/mo

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

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Iowa Park'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 Park

Living in Iowa Park is well within reach for most median-income earners. With a $15,947 cushion between what residents earn and what a 2-bedroom requires, households in Iowa Park typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Iowa Park, a studio at $800/month offers an even more aggressive savings rate. Even a 3-bedroom at $1,394/month remains accessible for dual-income households earning above $55,760.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $68,580 would position you well — though many residents in Iowa Park 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 Iowa Park, Texas.

With a total population of 6,529, the city supports an active civilian workforce of 3,618 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $45,720 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

3,618

Active civilian employees in Iowa Park

Frequently Asked Questions About Renting in Iowa Park

What salary do I need to live in Iowa Park, Texas?

To afford a 2-bedroom in Iowa Park under the 30% rule, you need an annual salary of at least $45,720. The median household income in Iowa Park is $61,667.

Can I afford a 2-bedroom in Iowa Park on $61,667?

The affordability verdict for Iowa Park is "Affordable". The rent-to-income ratio is 22.2%, meaning median earners have a $15,947 surplus.

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

The median gross rent in Iowa Park is $949/month. With a median household income of $61,667, residents spend approximately 22.2% of their income on rent.

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

A studio in Iowa Park rents for approximately $800/month. Under the 30% rule, you need an annual salary of $32,000 to afford this.

Is Iowa Park considered an affordable place to live?

Based on the surplus of $15,947 and an affordability verdict of "Affordable", Iowa Park is considered a affordable rental market when comparing the required 2-bedroom salary of $45,720 to the local median household income.

How Iowa Park Compares

Other cities in Texas with salary requirements