Iowa

#44

Iowa

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State Facts

Minimum Wage $7.25
2-Bedroom Housing Wage $21.39
Number of Renter Households 372,311
Number of Renter Households
Below 30% AMI		 101,609
Percent of Renter Households
Below 30% AMI		 26%
Number of Renter Households
Below 50% AMI		 173,379
Percent of Renter Households
Below 50% AMI		 45%

Affordable Rent for Low Income Households

Minimum Wage Worker

$377/mo

Household at 30% of Area Median Income

$776/mo

Household at 50% of Area Median Income

$1,293/mo

Fair Market Rent

1-Bedroom Fair Market Rent

$902/mo

2-Bedroom Fair Market Rent

$1,112/mo

Working at minimum wage $7.25/hr

Each week you have to work 96 hours

To afford a modest 1 bedroom rental home at Fair Market Rent

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Iowa Iowa Non-metropolitan areas Ames HMFA Benton County HMFA Boone County HMFA Bremer County HMFA Cedar Rapids HMFA Davenport-Moline-Rock Island MSA Des Moines-West Des Moines HMFA Dubuque MSA Iowa City HMFA Jasper County HMFA Jones County HMFA Omaha-Council Bluffs HMFA Sioux City MSA Washington County HMFA Waterloo-Cedar Falls HMFA
Number of Households
Total 1,315,707 511,399 38,904 10,202 10,936 9,716 95,600 73,132 279,804 40,989 63,341 15,010 8,198 49,125 40,699 8,972 59,680
Renter 372,311 125,607 17,305 1,531 2,187 1,976 25,326 21,956 85,912 10,927 25,736 4,151 1,592 13,611 12,945 2,331 19,218
Percent Renters 28% 25% 44% 15% 20% 20% 26% 30% 31% 27% 41% 28% 19% 28% 32% 26% 32%
Housing Wage
Zero-Bedroom $16.22 $13.64 $18.69 $12.67 $15.06 $12.96 $14.19 $15.71 $20.44 $14.88 $16.92 $15.08 $12.19 $20.96 $15.31 $14.00 $13.94
One-Bedroom $17.35 $14.47 $19.73 $14.02 $15.15 $14.33 $15.69 $17.85 $21.33 $16.17 $18.48 $15.17 $13.67 $22.08 $17.79 $14.10 $15.40
Two-Bedroom $21.39 $18.41 $22.17 $18.38 $19.73 $18.81 $20.60 $21.98 $25.35 $20.71 $21.94 $19.38 $17.67 $26.31 $22.19 $18.50 $20.21
Three-Bedroom $28.40 $23.59 $30.79 $23.25 $27.44 $24.81 $28.65 $28.81 $34.50 $27.88 $30.52 $25.92 $23.31 $34.87 $26.65 $22.90 $26.10
Four-Bedroom $31.89 $26.23 $37.19 $25.92 $28.85 $24.90 $34.56 $34.98 $35.40 $34.75 $36.81 $26.38 $23.40 $39.35 $29.38 $24.50 $33.90
Fair Market Rent
Zero-Bedroom $844 $709 $972 $659 $783 $674 $738 $817 $1,063 $774 $880 $784 $634 $1,090 $796 $728 $725
One-Bedroom $902 $752 $1,026 $729 $788 $745 $816 $928 $1,109 $841 $961 $789 $711 $1,148 $925 $733 $801
Two-Bedroom $1,112 $957 $1,153 $956 $1,026 $978 $1,071 $1,143 $1,318 $1,077 $1,141 $1,008 $919 $1,368 $1,154 $962 $1,051
Three-Bedroom $1,477 $1,227 $1,601 $1,209 $1,427 $1,290 $1,490 $1,498 $1,794 $1,450 $1,587 $1,348 $1,212 $1,813 $1,386 $1,191 $1,357
Four-Bedroom $1,658 $1,364 $1,934 $1,348 $1,500 $1,295 $1,797 $1,819 $1,841 $1,807 $1,914 $1,372 $1,217 $2,046 $1,528 $1,274 $1,763
Annual Income Needed to Afford
Zero-Bedroom $33,740 $28,369 $38,880 $26,360 $31,320 $26,960 $29,520 $32,680 $42,520 $30,960 $35,200 $31,360 $25,360 $43,600 $31,840 $29,120 $29,000
One-Bedroom $36,090 $30,095 $41,040 $29,160 $31,520 $29,800 $32,640 $37,120 $44,360 $33,640 $38,440 $31,560 $28,440 $45,920 $37,000 $29,320 $32,040
Two-Bedroom $44,485 $38,289 $46,120 $38,240 $41,040 $39,120 $42,840 $45,720 $52,720 $43,080 $45,640 $40,320 $36,760 $54,720 $46,160 $38,480 $42,040
Three-Bedroom $59,066 $49,076 $64,040 $48,360 $57,080 $51,600 $59,600 $59,920 $71,760 $58,000 $63,480 $53,920 $48,480 $72,520 $55,440 $47,640 $54,280
Four-Bedroom $66,335 $54,563 $77,360 $53,920 $60,000 $51,800 $71,880 $72,760 $73,640 $72,280 $76,560 $54,880 $48,680 $81,840 $61,120 $50,960 $70,520
Minimum Wage
Minimum Wage $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25 $7.25
Rent Affordable for a Full-Time Worker at Minimum Wage $377 $377 $377 $377 $377 $377 $377 $377 $377 $377 $377 $377 $377 $377 $377 $377 $377
Work Hours/Week at Minimum Wage
Zero-Bedroom 89 75 103 70 83 72 78 87 113 82 93 83 67 116 84 77 77
One-Bedroom 96 80 109 77 84 79 87 98 118 89 102 84 75 122 98 78 85
Two-Bedroom 118 102 122 101 109 104 114 121 140 114 121 107 98 145 122 102 112
Three-Bedroom 157 130 170 128 151 137 158 159 190 154 168 143 129 192 147 126 144
Four-Bedroom 176 145 205 143 159 137 191 193 195 192 203 146 129 217 162 135 187
Supplemental Security Income (SSI) Payment
SSI Monthly Payment $994 $994 $994 $994 $994 $994 $994 $994 $994 $994 $994 $994 $994 $994 $994 $994 $994
Rent affordable to SSI recipient $298 $298 $298 $298 $298 $298 $298 $298 $298 $298 $298 $298 $298 $298 $298 $298 $298
Income Levels
30% of Area Median Income (AMI) $31,028 $28,142 $36,720 $33,930 $33,690 $32,490 $31,590 $29,250 $34,920 $31,890 $36,420 $28,770 $29,310 $34,200 $29,370 $28,140 $27,300
50% of Area Median Income (AMI) $51,713 $46,903 $61,200 $56,550 $56,150 $54,150 $52,650 $48,750 $58,200 $53,150 $60,700 $47,950 $48,850 $57,000 $48,950 $46,900 $45,500
Median Renter Household Income $46,060 $42,699 $44,825 $39,519 $46,946 $53,444 $45,031 $45,779 $54,263 $42,831 $41,683 $43,507 $39,121 $45,292 $47,027 $47,586 $42,345
Rent Affordable at Different Income Levels
30% of Area Median Income (AMI) $776 $704 $918 $848 $842 $812 $790 $731 $873 $797 $911 $719 $733 $855 $734 $704 $683
50% of Area Median Income (AMI) $1,293 $1,173 $1,530 $1,414 $1,404 $1,354 $1,316 $1,219 $1,455 $1,329 $1,518 $1,199 $1,221 $1,425 $1,224 $1,173 $1,138
Median Renter Household Income $1,152 $1,067 $1,121 $988 $1,174 $1,336 $1,126 $1,144 $1,357 $1,071 $1,042 $1,088 $978 $1,132 $1,176 $1,190 $1,059

Median Wages for State’s Most Common Occupations

Occupation Total Employment Median Hourly Wage
Waiters and Waitresses 22,410 $10.38
Fast Food and Counter Workers 40,290 $14.03
Cashiers 41,450 $14.32
Retail Salespersons 41,000 $15.50
Housing Wage 1 Bedroom $17.35
Janitors and Cleaners, Except Maids and Housekeeping Cleaners 23,960 $17.48
Cooks, Restaurant 12,270 $17.63
Home Health and Personal Care Aides 25,800 $17.82
Stockers and Order Fillers 26,770 $18.11
First-Line Supervisors of Food Preparation and Serving Workers 11,400 $19.16
Nursing Assistants 22,670 $19.45
Medical Secretaries and Administrative Assistants 10,560 $20.25
Light Truck Drivers 9,680 $21.13
Housing Wage 2 Bedroom $21.39
Laborers and Freight, Stock, and Material Movers, Hand 30,890 $21.49
Office Clerks, General 23,120 $21.89
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 12,830 $22.31
Customer Service Representatives 30,100 $22.78
First-Line Supervisors of Retail Sales Workers 9,970 $23.03
Bookkeeping, Accounting, and Auditing Clerks 14,020 $23.82
Construction Laborers 13,780 $23.96
All Occupations 1,559,240 $23.99
Miscellaneous Assemblers and Fabricators 19,540 $24.18
Maintenance and Repair Workers, General 16,500 $25.78
Heavy and Tractor-Trailer Truck Drivers 35,040 $28.70
Electricians 10,310 $30.07
First-Line Supervisors of Office and Administrative Support Workers 10,190 $31.82
Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products 16,990 $32.98
First-Line Supervisors of Production and Operating Workers 10,130 $36.94
Accountants and Auditors 13,210 $38.27
Registered Nurses 34,420 $38.85
Business Operations Specialists, All Other 9,900 $39.77
General and Operations Managers 30,760 $43.33

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