#45
Iowa
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State Facts
Minimum Wage
$7.25
Average Renter Wage
$13.76
2-Bedroom Housing Wage
$15.97
Number of Renter Households
366,250
Percent Renters
29%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$7.25/hr
Each week you
have to work
70HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Iowa | Ames MSA |
|---|---|---|
| Total | 1,265,473 | 37,811 |
| Renter | 366,250 | 17,576 |
| Percent Renters | 29% | 46% |
| Housing Wage | Iowa | Ames MSA |
|---|---|---|
| Zero-Bedroom | $11.15 | $14.40 |
| One-Bedroom | $12.61 | $14.46 |
| Two-Bedroom | $15.97 | $17.37 |
| Three-Bedroom | $21.53 | $24.65 |
| Four-Bedroom | $24.26 | $28.48 |
| Fair Market Rent | Iowa | Ames MSA |
|---|---|---|
| Zero-Bedroom | $580 | $749 |
| One-Bedroom | $656 | $752 |
| Two-Bedroom | $831 | $903 |
| Three-Bedroom | $1,120 | $1,282 |
| Four-Bedroom | $1,261 | $1,481 |
| Annual Income Needed to Afford | Iowa | Ames MSA |
|---|---|---|
| Zero-Bedroom | $23,189 | $29,960 |
| One-Bedroom | $26,227 | $30,080 |
| Two-Bedroom | $33,224 | $36,120 |
| Three-Bedroom | $44,785 | $51,280 |
| Four-Bedroom | $50,456 | $59,240 |
| Minimum Wage | Iowa | Ames MSA |
|---|---|---|
| Minimum Wage | $7.25 | $7.25 |
| Rent Affordable at Minimum Wage | $377 | $377 |
| Work Hours/Week at Minimum Wage | Iowa | Ames MSA |
|---|---|---|
| Zero-Bedroom | 62 | 79 |
| One-Bedroom | 70 | 80 |
| Two-Bedroom | 88 | 96 |
| Three-Bedroom | 119 | 136 |
| Four-Bedroom | 134 | 157 |
| Renter Wage | Iowa | Ames MSA |
|---|---|---|
| Estimated Mean Renter Wage | $13.76 | $12.50 |
| Rent Affordable at Mean Renter Wage | $716 | $650 |
| Work Hours/Week at Mean Renter Wage | Iowa | Ames MSA |
|---|---|---|
| Zero-Bedroom | 32 | 46 |
| One-Bedroom | 37 | 46 |
| Two-Bedroom | 46 | 56 |
| Three-Bedroom | 63 | 79 |
| Four-Bedroom | 71 | 91 |
| Supplemental Security Income (SSI) Payment | Iowa | Ames MSA |
|---|---|---|
| SSI Monthly Payment | $794 | $794 |
| Rent Affordable to SSI Recipient | $238 | $238 |
| Income Levels | Iowa | Ames MSA |
|---|---|---|
| 30% of Area Median Income (AMI) | $23,979 | $25,620 |
| Estimated Renter Median Household Income | $35,771 | $30,784 |
| Rent Affordable at Different Income Levels | Iowa | Ames MSA |
|---|---|---|
| 30% of Area Median Income (AMI) | $599 | $641 |
| Estimated Renter Median Household Income | $894 | $770 |
Median Wages for Largest Occupations
| Occupation | Total Employment | Median Hourly Wage |
|---|---|---|
| Waiters and Waitresses | 18,210 | $9.63 |
| Fast Food and Counter Workers | 34,890 | $10.87 |
| Cashiers | 45,120 | $11.51 |
| Retail Salespersons | 37,620 | $12.41 |
| One-Bedroom Housing Wage | $12.61 | |
| Teaching Assistants, Except Postsecondary | 21,520 | $13.13 |
| Cooks, Restaurant | 10,460 | $13.15 |
| Home Health and Personal Care Aides | 21,890 | $13.57 |
| Janitors and Cleaners, Except Maids and Housekeeping Cleaners | 23,570 | $14.35 |
| Stockers and Order Fillers | 20,300 | $14.53 |
| Nursing Assistants | 22,520 | $15.01 |
| Light Truck Drivers | 9,830 | $15.91 |
| Two-Bedroom Housing Wage | $15.97 | |
| Laborers and Freight, Stock, and Material Movers, Hand | 29,690 | $17.05 |
| Office Clerks, General | 26,530 | $17.31 |
| First-Line Supervisors of Retail Sales Workers | 11,370 | $17.71 |
| Miscellaneous Assemblers and Fabricators | 17,840 | $18.09 |
| Customer Service Representatives | 29,860 | $18.40 |
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 13,610 | $18.47 |
| Construction Laborers | 11,690 | $18.48 |
| Bookkeeping, Accounting, and Auditing Clerks | 18,820 | $19.62 |
| All Occupations | $19.68 | |
| Maintenance and Repair Workers, General | 14,130 | $21.19 |
| Heavy and Tractor-Trailer Truck Drivers | 37,600 | $21.72 |
| Elementary School Teachers, Except Special Education | 16,290 | $26.96 |
| First-Line Supervisors of Office and Administrative Support Workers | 10,640 | $27.34 |
| First-Line Supervisors of Production and Operating Workers | 9,900 | $29.02 |
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 15,380 | $29.42 |
| Registered Nurses | 32,610 | $30.14 |
| Accountants and Auditors | 10,340 | $31.91 |
| Project Management Specialists and Business Operations Specialists, All Other | 10,410 | $33.45 |
| General and Operations Managers | 24,470 | $40.66 |
| Software Developers and Software Quality Assurance Analysts and Testers | 11,110 | $47.74 |
†Renter wage data not available.
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