#45
Iowa
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State Facts
Minimum Wage
$7.25
Average Renter Wage
$12.50
2-Bedroom Housing Wage
$15.01
Number of Renter Households
359,522
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
65HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Iowa | Adair County |
|---|---|---|
| Total | 1,242,641 | 3,228 |
| Renter | 359,522 | 746 |
| Percent Renters | 29% | 23% |
| Housing Wage | Iowa | Adair County |
|---|---|---|
| Zero-Bedroom | $10.15 | $8.94 |
| One-Bedroom | $11.74 | $9.40 |
| Two-Bedroom | $15.01 | $12.50 |
| Three-Bedroom | $20.14 | $15.67 |
| Four-Bedroom | $22.79 | $17.02 |
| Fair Market Rent | Iowa | Adair County |
|---|---|---|
| Zero-Bedroom | $528 | $465 |
| One-Bedroom | $611 | $489 |
| Two-Bedroom | $781 | $650 |
| Three-Bedroom | $1,047 | $815 |
| Four-Bedroom | $1,185 | $885 |
| Annual Income Needed to Afford | Iowa | Adair County |
|---|---|---|
| Zero-Bedroom | $21,102 | $18,600 |
| One-Bedroom | $24,420 | $19,560 |
| Two-Bedroom | $31,226 | $26,000 |
| Three-Bedroom | $41,894 | $32,600 |
| Four-Bedroom | $47,412 | $35,400 |
| Minimum Wage | Iowa | Adair County |
|---|---|---|
| Minimum Wage | $7.25 | $7.25 |
| Rent Affordable at Minimum Wage | $377 | $377 |
| Work Hours/Week at Minimum Wage | Iowa | Adair County |
|---|---|---|
| Zero-Bedroom | 56 | 49 |
| One-Bedroom | 65 | 52 |
| Two-Bedroom | 83 | 69 |
| Three-Bedroom | 111 | 86 |
| Four-Bedroom | 126 | 94 |
| Renter Wage | Iowa | Adair County |
|---|---|---|
| Estimated Mean Renter Wage | $12.50 | $10.11 |
| Rent Affordable at Mean Renter Wage | $650 | $526 |
| Work Hours/Week at Mean Renter Wage | Iowa | Adair County |
|---|---|---|
| Zero-Bedroom | 32 | 35 |
| One-Bedroom | 38 | 37 |
| Two-Bedroom | 48 | 49 |
| Three-Bedroom | 64 | 62 |
| Four-Bedroom | 73 | 67 |
| Supplemental Security Income (SSI) Payment | Iowa | Adair County |
|---|---|---|
| SSI Monthly Payment | $750 | $750 |
| Rent Affordable to SSI Recipient | $225 | $225 |
| Income Levels | Iowa | Adair County |
|---|---|---|
| 30% of Area Median Income (AMI) | $21,716 | $18,570 |
| Estimated Renter Median Household Income | $32,156 | $28,744 |
| Rent Affordable at Different Income Levels | Iowa | Adair County |
|---|---|---|
| 30% of Area Median Income (AMI) | $543 | $464 |
| Estimated Renter Median Household Income | $804 | $719 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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